PRAGUE, March 30 (Reuters) - The supervisory board of Czech telephone company Cesky Telecom <SPTTsp.PR> approved on Thursday an earlier announced plan to pay a dividend of 45 crowns ($1.88) per share, the company said. This gives a dividend yield of 8.7 percent on Thursday's closing price of 515 crowns, one of the highest among central European telecommunications companies. The dividend still has to be approved by shareholders at an annual general meeting on April 27. Spain's Telefonica <TEF.MC> controls the Czech company, holding 69 percent of its shares. The record date for receiving the dividend was set at Sept. 25 and the dividend would be paid on Oct.2. In total, Cesky plans to pay its shareholders 14.49 billion crowns ($605.3 million) from 2005 profits and retained earnings from previous years. The company paid no dividend in 2004. ((Reporting by Radek Narovec; editing by Andre Grenon; prague.newsroom@reuters.com; Reuters Messaging: radek.narovec.reuters.com@reuters.net; +1 420 224 190 477)) ($1=23.94 Czech Crown) For main central European company news, double click on [.CEE] E.Europe hot stocks [HOT-EEU] Main E.Europe news [TOP/EAST] Related stories on [HU] [PL] [CZ] [EEU-STX] [EEU-RES] [EEU-E] For real-time index quotes, double click in brackets: Warsaw WIG20 <.WIG20> Budapest BUX <.BUX> Prague PX <.PX> ($1=23.94 Czech Crown) | 
