Future dividends: what can I expect from Deutsche Telekom with regard to dividend per share for 2016 and beyond?

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Deutsche Telekom has committed to an attractive dividend policy: For the fiscal years 2015-2018 dividends per share will grow in line with Free Cash-Flow with a guaranteed minimum of 0.50 € per share.

The Free Cash-Flow will grow by around 4% in fiscal year 2015 (from 4.1 to 4.3 bn €) and step up in 2016. Free Cash-Flow is planned to grow on average around 10% per year between 2014 and 2018.