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Richter board proposes HUF 33 per share dividend

Telco

Hungarian drugmaker Gedeon Richter today said its board would propose to shareholders the payment of a HUF 33 per share dividend on 2014 earnings at an annual general meeting to be held on April 28, Hungarian news agency MTI reported.

According to MTI’s calculations the dividend fund is expected to reach approximately HUF 6.2 bln, in accordance with the companyʼs practice of returning one-fourth of after-tax profit to shareholders.

The news agency noted that last year, Richter shareholders approved a HUF 57 per share dividend on 2013 earnings.

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