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29 Apr 2010 07:00
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TELEFΓNICA, S.A, as provided in article 82 of the Spanish Stock Market Act (Ley del Mercado de Valores), hereby reports the following
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SIGNIFICANT EVENT
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The Board of Directors of TELEFΓNICA, S.A., at its meeting held today, has approved to distribute an interim dividend from 2010 net income, of a gross amount of 0.65 euros for each Company share issued, in circulation, and carrying entitlement to this dividend.
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The payment of this dividend shall be executed on May 11th, 2010 by Banco Bilbao Vizcaya Argentaria, S.A., through the participating entities in Iberclear (Sociedad de GestiΓ³n de los Sistemas de Registro, CompensaciΓ³n y LiquidaciΓ³n de Valores, S.A.), the Spanish entity in charge of registration, clearing and settlement of securities. Tax withholding shall be made on gross amounts as required by applicable legislation.
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Additionally the Board of Directors will submit for approval of the Annual General Shareholders Meeting the distribution of a dividend with a charge to unrestricted reserves and to be paid in the second half of 2010, of a gross amount of 0.65 euros for each Company share issued, in circulation, and carrying entitlement to this dividend.
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The Company confirms its targets for dividend distributions until 2012 in the terms previously announced (a dividend increase up to 1.40 euros per share for 2010, and up to a minimum of 1.75 euros per share for 2012).
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Madrid, April 28th, 2010
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