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Name | Symbol | Market | Type |
---|---|---|---|
Magyar Telekom Telecommunications Plc (PK) | USOTC:MYTAY | OTCMarkets | Depository Receipt |
Price Change | % Change | Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.37 | 2.03% | 18.60 | 18.41 | 19.34 | 18.60 | 18.60 | 18.60 | 360 | 15:21:15 |
BUDAPEST--Hungary's largest telecommunications firm Magyar Telekom Nyrt. (MTELEKOM.BU)said Friday that the company will receive a dividend payment of about 16.5 million euros ($18 million or HUF5.1 billion) from its Montenegrin arm.
MAIN FACTS:
- Magyar Telekom's Montenegrin subsidiary Crnogorski Telekom A.D. Podgorica held its shareholders' Meeting Thursday and made a decision on a total dividend payment of EUR21.5 million on the financial year of 2014.
- According to Montenegrin Accounting Standards, Crnogorski Telekom made a net income of EUR21.5 million for 2014.
- In line with the decision of the shareholders, the total amount of the net income will be distributed as dividends.
- Magyar Telekom, which has a 76.5% stake in the company, is entitled to a dividend payment of about EUR16.5 million.
- Deutsche Telekom AG (DTE.EXE) holds a 59.3% stake in Magyar Telekom.
Write to Margit Feher at margit.feher@wsj.com
1 Year Magyar Telekom Telecommu... (PK) Chart |
1 Month Magyar Telekom Telecommu... (PK) Chart |
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