29 Apr '13, 6am

FET to deal out 2012 dividend in excess of net EPS: Far EasTone Telecommunications (FET), one of the three lar...

FET to deal out 2012 dividend in excess of net EPS Chloe Yu, Taipei; Adam Hwang, DIGITIMES [Monday 29 April 2013] Far EasTone Telecommunications (FET), one of the three largest mobile telecom carriers in Taiwan, will distribute a cash dividend per share of NT$3.50 (US$0.118) for 2012, 7.69% in excess of the corresponding net EPS of NT$3.25 and historically the highest level, according to the company. Of the cash dividend per share, NT$2.928 will come from 2012 net profits and NT$0.572 from cumulative earnings reserved for capital, FET indicated. FET's board of directors has decided to issue unsecured corporate bonds of up to seven years with a maximum total value of NT$10 billion, the company noted. FET has set aside a capex budget of NT$10.5 billion for 2013, mainly for use to expand HSPA+ coverage to 80% by adding 1,000 HSPA+ base stations, the company said. With the num...

Full article: http://www.digitimes.com/news/a20130428PD202.html

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