Cellcom Israel Ltd Not to Declare Cash Dividend for the Third Quarter of 2020
November 23, 2020 at 01:49 am EST
On November 22, 2020, Cellcom Israel Ltd. has decided not to declare a cash dividend for the third quarter of 2020. In making its decision, the board of directors considered the Company's dividend policy and business status and decided not to distribute a dividend at this time, given the intensified competition and its adverse effect on the Company's results of operations, and in order to strengthen the Company's balance sheet.