ADVERTISEMENT

MOL board to propose HUF 142.5 per-share dividend

Telco

The board of Hungarian oil and gas company MOL will propose to shareholders payment of a HUF 142.5 per-share dividend on last yearʼs earnings at an annual general meeting on April 11, the company said in a disclosure posted on the website of the Budapest Stock Exchange, state news agency MTI reported.

The dividend fund will amount to HUF 107.3 billion, if the proposal is approved by shareholders.

The dividend comprises a HUF 95 per-share "base dividend" and a HUF 47.5 per-share "top-up." The base dividend is 11.8% higher than that paid on 2017 earnings. The top-up is 50% of the base dividend, as it was a year earlier.

The boardʼs proposal takes into account 2018 earnings, as well as "the strength of the balance sheet, future investment plans and uncertainties of external market conditions." The top-up is intended to share strong free cash flows with shareholders.

ADVERTISEMENT

Czech economic confidence weakens in November Analysis

Czech economic confidence weakens in November

Lawmakers approve residency permit for digital nomads Parliament

Lawmakers approve residency permit for digital nomads

The strongest move - Morgan Stanley Hungary head and Chess F... Podcasts

The strongest move - Morgan Stanley Hungary head and Chess F...

New Jewish cultural hub opens in Budapest City

New Jewish cultural hub opens in Budapest

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.