TLTZF - Tele2: Massive Dividends But Too Expensive At This Time
- In early 2020, most Swedish companies postponed their dividend proposals and withdrew guidance, regardless of sector. Tele2 was one of them.
- As of 2Q20, guidance is reinstated, both dividend and extraordinary dividend are reinstated, and the company has yielded massive dividends for the year.
- Patience has rewarded investors with very stable development in the company - and this is set to continue, with Tele2 as a 5G leader in its home markets.
- Still, due to valuations, Tele2 is no more than a "HOLD" at this time.
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Tele2: Massive Dividends, But Too Expensive At This Time