The dividend fund totals HUF 120 billion and includes HUF 96.6 bln from adjusted, consolidated after-tax profit and a special dividend of HUF 23.4 bln.

The regular dividend is equivalent to 40% of profit, the mid-point of the targeted 30-50% payout range.

The special dividend was proposed as year-end net cash levels exceeded the threshold specified in the capital allocation framework, Richter said.