Are you sure?

Magyar Telekom board proposes HUF 50-per-share dividend

Magyar Telekom on Thursday said its board will propose to shareholders payment of a HUF 50-per-share dividend on 2012 profit. Shareholders will vote on the proposal at an annual general meeting on April 12, 2013. Magyar Telekom paid out a HUF 50-per-share dividend on both 2010 and 2011 profits. The company dipped into profit reserves to pay the dividend on 2011 earnings. Magyar Telekom's fourth-quarter net loss narrowed sharply to HUF 1.6 billion from HUF 40.3 billion in the base period as non-core activities lifted revenue and operating costs fell.