Magyar Telekom board proposes HUF 15-per-share dividend

Telco

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.

ADVERTISEMENT

Századvég raises GDP forecast to 7.8% Analysis

Századvég raises GDP forecast to 7.8%

Opposition parties to begin PM candidate primaries Elections

Opposition parties to begin PM candidate primaries

New editor-in-chief at Betone Studio Appointments

New editor-in-chief at Betone Studio

BFK developing regional cycling strategy City

BFK developing regional cycling strategy

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.