Telecom Argentina jumps as shareholders authorize up to $300 million dividends in 2026
TEO•Telecom Argentina (TEO) shares are higher as investors react to a late-April shareholder vote authorizing the board to distribute up to $300 million in dividends before December 31, 2026. The approval also cleared retained losses using reserves and advanced a corporate reorganization effective January 1, 2026.
1) What’s moving the stock today
Telecom Argentina S.A. ADRs (TEO) moved higher after investors focused on a fresh capital-return catalyst: shareholders authorized the board to withdraw reserves and distribute dividends in cash, in kind, or a combination, up to an aggregate cap of US$300 million before December 31, 2026. The authorization came out of the company’s April 29, 2026 shareholder meetings and was disclosed in its Form 6-K. (sec.gov)
