May 20, 2011 (Chinavestor) China Telecom (NYSE:CHA), the largest fixed line telecom carrier with a fast growing mobile network, announced dividend payment for 2010 as follows.
China Telecom (NYSE:CHA) shareholders will receive a final dividend of RMB0.071205 per share for the year ended 31 December 2010. The final dividend will be paid on or about 30 June 2011.
Given that the ordinary share/ depository receipt ratio is 100:1, U.S. investors holding NYSE:CHA receipts will get $1.0966 for each ADR they own.
Given that share price of China Telecom (NYSE:CHA) is ~$59 at the moment, dividend yield is approximately 1.85%.
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