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Émász to pay 64% of 2005 profits as dividend

The board of electricity distributor for north Hungary Émász Rt will propose to shareholders at an AGM convened for April 28 payment of a Ft 1.678 billion dividend, or 64% of 2005's after-tax profit of Ft 2.626 billion, according to the meeting's invitation published on Monday. The dividend calculates as Ft 550 per share. Émász shareholders last received a dividend, of Ft 400 per share, in 2003. Shareholders will also vote on appointments to Émász's boards.