State could acquire HUF 18 bln in dividends from listed companies
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.
SUPPORT THE BUDAPEST BUSINESS JOURNAL
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.