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Kabel Deutschland to pay dividend

German cable operator Kabel Deustchland is proposing its first divided of €1.50 a share at its AGM today.

If approved by shareholders, the company will pay a total of €132.8 million for the year ended March 31 2012.

The operator said its share price had risen significantly since the last AGM a year ago, reflecting its strong performance. The company had 13.4 million subscriptions at the end of March, up 751,000 year-on-year thanks to its success in marketing premium TV, internet and phone services.