The Cesky Telecom BoD yesterday approved a dividend proposal of CZK 17 per share, i.e. a total of CZK 5.48bn, to be paid from retained earnings. The company indicated earlier that it might be able to afford as much as CZK 20.50 per share; the dividend proposal is closer to the upper end of market expectations.
The relevant dividend record date is proposed as July 9, 2004 with the expected dividend payment by the end of October 2004. Recall that CT's AGM is to be held on June 24.
Jan Hájek