Altice Europe pledges to pay no dividend in ‘exceptional’ times

PARIS: Telecoms and cable group Altice Europe, which has not paid a dividend since it was incorporated, on Sunday pledged not to pay a dividend to shareholders, citing the current coronavirus crisis.

“Altice Europe commits, in these exceptional times, to pay no dividend to its shareholders,” the group said in a statement.

In April last year, Amsterdam-listed Altice Europe had said in a regulatory filing it had not paid a dividend since the company was founded.

“With the exception of the special distribution in kind of its 67.2% interest in Altice USA Inc. to its shareholders out of its share premium reserve on June 8, 2018, Altice Europe N.V. has not paid any dividends since its incorporation,” Altice Europe said in the filing.