The total dividend fund will come to HUF 94.3 billion, taking into account treasury shares, MOL said.
The board proposed continuing its practice of raising the base dividend by 9% from the previous year, but also proposed sharing free cash flows with shareholders in the form of a 50% top-up. The base dividend of HUF 85 plus the HUF 42.5 top-up adds up to HUF 127.5 per share.
Last year, MOL shareholders approved a HUF 625 per-share dividend from a HUF 58 bln dividend fund. Adjusted for the effect of an 8-for-1 share split last autumn, that dividend would now be worth about HUF 75 per share, MTI noted.
Producing journalism that is worthy of the name is a costly business. For over 30 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.
