OTP board proposes HUF 147 per share dividend
OTP Bank said today its board would propose to shareholders the payment of 145% of the face value of its shares as dividend that counts as HUF 147 per share for the business year 2014, according to reports.
The dividends would be paid from June 15, 2015, a statement received by MTI said. Last year, the bank paid a HUF 145-per-share dividend on 2013 earnings.
Chairman-CEO Sándor Csányi said earlier that the bank would pay dividends this year in spite of the losses suffered in 2014, which mainly resulted from one-off items.
OTPʼs annual general meeting is scheduled for April 17.
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.