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Magyar Telekom AGM approves HUF 15-per-share dividend

Telco

Shareholders of Magyar Telekom approved the boardʼs proposal to pay a HUF 15-per-share dividend on last yearʼs earnings at an annual general meeting today, Hungarian news agency MTI reported.

MTel will pay the HUF 15.6 billion dividend from HUF 20.4 bln of net profit, according to Hungarian Accounting Standards. The rest of the earnings will go into profit reserves. 

Payment of the dividend will start on May 25. MTel shares will last trade with the dividend coupon on May 13.

According to International Financial Reporting Standards (IFRS), MTel had after-tax profit of HUF 31.5 bln on revenue of HUF 656.3 bln.

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