Richter board proposes HUF 106-per-share dividend
The board of Hungarian drugmaker Gedeon Richter will propose to shareholders payment of a HUF 106-per-share dividend on last yearʼs earnings at a general meeting on April 26, the AGM agenda published Friday shows, as reported by state news agency MTI.
Last year, shareholders approved payment of a HUF 72-per-share dividend on 2015 earnings.
The dividend payment comes to about HUF 19.8 billion, MTI-Econews calculated.
Richter had consolidated IFRS net income of HUF 63.3 bln last year, a preliminary earnings report released in February shows.
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.