Bosnia's Telekom Srpske to pay interim dividend of 0.05 euro/share

The company will pay a total of 53.153 million marka in interim dividend, Telekom Srpske said in a statement filed with the Banja Luka Stock Exchange a day after the company’s shareholders approved the dividend payment proposal.

Dividend payment will start on December 28.

Telekom Srpske is the second-largest telecommunication company in Bosnia. It is majority-owned by Serbian state-controlled Telekom Srbija and has clients mainly in Bosnia’s Serb Republic, one of Bosnia's two autonomous entities. The other is the Muslim-Croat Federation.

Bosnia, a country of 3.8 million, has two other telecom companies, both state-controlled, which operate in the Federation: HT Mostar and BH Telecom. The latter is the biggest of the three.

(1 euro=1.95583 Bosnian marka)