Spain's Telefonica weighs plan to cut dividend - report

* Telefónica SA (TEF [https://seekingalpha.com/symbol/TEF]) is set to cut its dividend as part of a new strategic plan due to be announced next week, _Bloomberg News _reported on Thursday.
* The Spanish carrier has one of the highest dividend yields among European telecom operators, and its new policy aims to align it with peers, the report said. 
* The change also seeks to strengthen the balance sheet, free cash for investments, and signal commitment to financial discipline.

MORE ON TELEFONICA S.A.

* Telefonica: I Don't Believe I Exited Too Early [https://seekingalpha.com/article/4816827-telefonica-i-dont-believe-i-exited-too-early]
* Seeking Alpha’s Quant Rating on Telefonica S.A. [https://seekingalpha.com/symbol/TEF/ratings/quant-ratings]
* Historical earnings data for Telefonica S.A. [https://seekingalpha.com/symbol/TEF/earnings]
* Dividend scorecard for Telefonica S.A. [https://seekingalpha.com/symbol/TEF/dividends/scorecard]
* Financial information for Telefonica S.A. [https://seekingalpha.com/symbol/TEF/income-statement]