Alteo Board Proposes HUF 400/Share Dividend
The board of listed alternative energy company Alteo will propose payment of a HUF 400-per-share dividend to shareholders at an annual general meeting on April 19, the AGM agenda shows, according to a report by state news wire MTI.
The proposal is for a HUF 200-per-share basic dividend and a HUF 200-per-share extraordinary dividend.
The board noted that 2023 was a "successful year" for Alteo "with high-profit generation, low debt, and high cash balances".
The dividend fund comes close to HUF 8 billion.
Hungarian oil and gas company MOL owns a 73.79% stake in Alteo.
EBRD Puts Hungary GDP Growth at 2.2% in 2024
Hungary Expects Progress From EU on Erasmus+ Matter
Real Estate Closes Strongest Month This Year in April
7th Edition of BSC Charity Beach Volleyball Tournaments Comi...
SUPPORT THE BUDAPEST BUSINESS JOURNAL
Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.
