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On August 23, 2023, Russell Investments Group Ltd. announced their acquisition of a new stake in Chunghwa Telecom Co., Ltd. During the first quarter of the year, Russell Investments purchased 110,623 shares of Chunghwa Telecom’s stock at an estimated value of ,325,000.

Chunghwa Telecom Co., Ltd. is a telecommunications services provider operating in Taiwan and internationally. They offer various services through their Consumer Business, Enterprise Business, International Business, and Others segments. These services include local long distance calls, cloud switchboard facilities, and value-added local calls.

Recently, Chunghwa Telecom declared an annual dividend for its investors. The dividend payment of .5291 per share was distributed on August 11th to shareholders recorded as of June 29th. The ex-dividend date for this transaction was June 28th. Currently, Chunghwa Telecom has a dividend payout ratio of 72.15% with a yield of 2.9%.

Russell Investments Group Ltd.’s acquisition of Chunghwa Telecom demonstrates confidence in the company’s performance and potential for future growth. With this stake purchase, Russell Investments strengthens its position within Chunghwa Telecom, showcasing belief in the company’s ability to generate returns for stakeholders.

Chunghwa Telecom is a well-established telecommunications service provider with a diverse range of offerings, placing them in a favorable position to capitalize on opportunities in the telecommunications market. Their continued expansion domestically and globally makes them an attractive investment opportunity.

Moving forward, it will be interesting to observe the progress of both Chunghwa Telecom and Russell Investments. With an increased stake in Chunghwa Telecom, Russell Investments may benefit from the advancements and successes of the telecommunications company. On the other hand, Chunghwa Telecom may gain valuable insights and potential collaborations through its association with Russell Investments.

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