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Alteo board approves HUF 24-per-share dividend

Green Energy

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.

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