October 30 (SeeNews) - Serbian tobacco producer Duvanska Industrija Nis (DIN), majority-owned by Philip Morris, said on Friday it will distribute an interim dividend of 23.45 dinars ($0.37/0.25 euro) per regular share for the third quarter of 2009.
The company will distribute as interim dividend a total of 378 million dinars, DIN said in a filing to the Belgrade bourse.
A total of 269 million dinars will be allocated for dividend payments on regular shares, while the remainder will be distributed as dividend on preferred stocks.
No further details were immediately available.
DIN has already distributed an interim dividend of 44.42 dinars per regular share for the first quarter of the year from its first-quarter net profit of 651 million dinars and a second-quarter dividend of 47.39 per regular share from its 666 million dinars net profit in the three months to June.
DIN’s market share in Serbia is around 52%, the company said earlier this year.
Its biggest competitor on the local market is Duvanska Industrija Vranje, owned by British American Tobacco.
DIN's regular shares were last traded on November 27, dropping 1.37% to 7,000 dinars as a single share changed hands.
(1 euro=93.5058 dinars)