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DTEGY - Deutsche Telekom Cuts Its Dividend As I Predicted
Deutsche Telekom AG ADR
Around one percents of my highly diversified retirement portfolio consists of Deutsche Telekom (OTCQX:DTEGF/OTCQX:DTEGY) shares. Of the European telecommunications companies, this company has been the most financially stable in recent years. High price gains were never to be expected, but the generous dividend, which has always risen in recent years, has compensated for many things. However, readers of my articles will know that I have been predicting a dividend cut for months (first time in May 2019, with my fifth article here on Seeking Alpha). That's exactly what happened