SARAJEVO (Bosnia and Herzegovina), July 6 (SeeNews) – The shareholders of Bosnian state-controlled BH Telecom [SAJ:BHTS] have approved the company's dividend payment plan for 2019, the company said.
The plan was approved on June 29, BH Telecom said in a public disclosure note filed with the Sarajevo Stock Exchange on Friday, without providing further details.
According to a Friday report of local news outlet Indikator.ba, the company will distribute a dividend of 0.55 marka ($0.32/0.28) per share, allocating to its shareholders an overall 35 million marka from its 50.9 million marka profit reported for 2019.
Last year, BH Telecom also distributed a dividend of 0.55 marka per share, or a total of 35 million marka from its 2018 profit of 63.58 million marka.
BH Telecom is 90%-owned by the government of Bosnia's Federation, followed by closed-end funds, bourse data showed on July 6.
BH Telecom is based in the capital Sarajevo and has customers mainly in the Federation entity, which makes up Bosnia together with the Serb Republic entity.
The other two Bosnian telecoms are HT Mostar, which is active in the Federation, and Telekom Srpske which operates in the Serb Republic.
(1 euro=1.95583 marka)