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Magyar Telekom board proposes HUF 25 per-share dividend

The board of Magyar Telekom has formally proposed payment of a HUF 25 per-share dividend on last yearʼs earnings in submissions to the companyʼs annual general meeting, posted on the website of the Budapest Stock Exchange (BÉT) late Monday, state news wire MTI reported.

Magyar Telekom HQ

Magyar Telekom CFO János Szabó had said last August that the board planned to propose a HUF 25 per-share dividend.

The dividend fund will amount to HUF 26.1 billion, provided shareholders approve the proposal at the AGM on April 9. Magyar Telekomʼs after-tax profit came to HUF 37.7 bln last year.

Magyar Telekom expects to pay a HUF 27 per-share dividend on 2019 earnings, guidance in the submissions shows.