27 de octubre de 2016 / 6:16 / hace 10 meses

BRIEF-Spain's Telefonica says dividend payout ratio to be 50 pct of cash flow

Oct 27 (Reuters) - Spain's Telefonica

* Says dividend payout ratio to be around 50 percent of free cash flow, assuming free cash flow of 4 billion euros ($4.36 billion) per year, versus more than 90 percent previously

* Reiterates 2016 targets on revenue, OIBDA margin, makes no mention of goal to reach a debt to EBITDA ratio of 2.35 Further company coverage: ($1 = 0.9167 euros) (Reporting by madrid.newsroom@thomsonreuters.com)

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