KKPNY - Koninklijke KPN: Refocusing On The Domestic Market With A 4.4% Dividend Yield

Introduction

I’m surprised to see very few recent articles on Dutch telecom company KPN (OTCPK:KKPNF) (OTCPK:KKPNY) here on Seeking Alpha. After all, the company seems to have turned a corner after a few tough years earlier this decade and has now become a consistent dividend payer with takeover appeal as Canada’s Brookfield (BAM) was genuinely interested in acquiring the company before the plans were nipped in the bud by the Dutch government.

Source: Yahoo Finance

KPN currently has 4.2B shares outstanding, giving the company a market capitalization of 11.9B