Magyar Telekom board proposes HUF 15-per-share dividend
Magyar Telekomʼs board will propose to shareholders the payment of a HUF 15-per-share dividend for the 2015 business year, the telco announced in the middle of trade on the Budapest Stock Exchange today, Hungarian news agency MTI reported.
The proposal seeks to maintain the companyʼs policy of keeping its net debt ratio in the 30-40% range, MTel said. The net debt ratio is “on a downward trajectory”
and the company expects it will approach the targeted range in the upcoming years, MTel added.
MTel indicated earlier that it could pay a HUF 15-per-share dividend on 2015 earnings.
MTel shareholders will vote on the proposal at an annual general meeting on April 12, 2016. The board proposes a record date of May 13, 2016 and a first disbursement day of May 25, 2016.
Last year, shareholders voted to place 2014 earnings into profit reserves.
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