Duna House changes dividend proposal in light of pandemic

Telco

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 year╩╝s 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 year╩╝s earnings.

The board affirmed its commitment to return to its dividend policy adopted after the company╩╝s IPO in 2016 as soon as residential development projects planned for completion in 2020 and the group╩╝s liquidity position allow it.

Duna House╩╝s annual general meeting of shareholders is scheduled for April 17.

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