Alteo board approves HUF 24-per-share dividend
The board of listed alternative energy company Alteo approved a HUF 24-per-share dividend on last year's earnings at a meeting on Monday, according to a report by state news wire MTI.
The board was empowered by a government decree to take the decision, in lieu of shareholders, because of a ban on gatherings to contain the spread of the coronavirus.
The company had a consolidated net income of HUF 587 million last year.
The board also gave itself a mandate to buy treasury shares over a period of 18 months, but limited treasury stock to 25% of share capital.
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.