State could acquire HUF 18 bln in dividends from listed companies

Telco

Dividends the state receives from listed companies this year could fall by one-quarter to HUF 17.6 bln, Hungarian news agency MTI reported today. The state owns stakes exceeding the 5% disclosure threshold in listed oil and gas company MOL, OTP Bank, drugmaker Richter and electricity distributors Elmű and Émász.

The state stands to acquire a HUF 12.5 bln dividend from MOL, if shareholders accept the boardʼs proposal, down from the HUF 15.3 bln from last year.

The dividend from OTP is expected to be HUF 2.1 bln, the same as a year earlier, while dividends from Elmű and Émász are set to reach HUF 1.1 bln and HUF 322 mln, respectively.

Richterʼs board has not yet proposed a dividend on 2014 earnings, but the company paid shareholders one-quarter of net earnings in previous years. A similar amount would leave the state with about HUF 1.5 bln this year.

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