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Richter shareholders approve dividend of HUF 860 per share

Shareholders of Hungarian drug maker Richter unanimously approved at the company's Wednesday AGM the board's proposal to pay a dividend of HUF 860 per share from last year's profit.

Richter will pay the dividend using HUF 16.01 billion of the company's 2010 Hungarian-accounting-standards after-tax profit of HUF 64.04 billion, placing the remaining HUF 48.03 in profit reserves.

The company will start paying the dividend on June 15, 2011.

A total of 57.04% of Richter's shareholders attended the company's Wednesday AGM.