Duna House changes dividend proposal in light of pandemic
The board of listed real estate broker Duna House said it changed its dividend proposal because of uncertainty surrounding the economic impact of the COVID-19 pandemic, state news wire MTI reports.
The board will propose last yearʼs earnings be used to shore up liquidity rather than be returned to shareholders.
Earlier the board had proposed payment of a HUF 450 million dividend on last yearʼs earnings.
The board affirmed its commitment to return to its dividend policy adopted after the companyʼs IPO in 2016 as soon as residential development projects planned for completion in 2020 and the groupʼs liquidity position allow it.
Duna Houseʼs annual general meeting of shareholders 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.