By Mauro Orru

Deutsche Telekom AG said Thursday that its management board would propose a dividend of 64 European cents ($0.73) per share for 2021 at the company's annual general meeting.

The German telecommunications company said the planned proposal is subject to approval by the supervisory board.

Deutsche Telekom paid a dividend of EUR0.60 per share for 2020, corresponding to a payout of EUR2.85 billion.

The proposal for 2021 would take the company's payout to EUR3.19 billion.

Write to Mauro Orru at mauro.orru@wsj.com; @MauroOrru94

(END) Dow Jones Newswires

November 11, 2021 13:17 ET (18:17 GMT)

Copyright (c) 2021 Dow Jones & Company, Inc.
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