Alteo Board Proposes HUF 400/Share Dividend

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The board of listed alternative energy company Alteo will propose payment of a HUF 400-per-share dividend to shareholders at an annual general meeting on April 19, the AGM agenda shows, according to a report by state news wire MTI.

The proposal is for a HUF 200-per-share basic dividend and a HUF 200-per-share extraordinary dividend.

The board noted that 2023 was a "successful year" for Alteo "with high-profit generation, low debt, and high cash balances".

The dividend fund comes close to HUF 8 billion.

Hungarian oil and gas company MOL owns a 73.79% stake in Alteo.

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