MOL Shareholders Approve Dividend of Around HUF 250/Share
Shareholders of oil and gas company MOL approved the payment of a dividend of around HUF 250 per share at an annual general meeting on Thursday, according to a report by state news wire MTI.
The AGM approved payment of a HUF 150-per-share base dividend on last year's earnings and a special dividend amounting to around HUF 100 per share.
The dividend fund comes to about HUF 198 bln.
Chairman-CEO Zsolt Hernádi told shareholders that MOL had successfully faced challenges caused by sanctions and been able to produce and sell its products in the region. MOL's crude diversification program has achieved "significant results" in terms of flexibility with regard to the crude the company procures, he added.
He said extra taxes the company had paid in 2022 and 2023 had added up to USD 3.1 bln, money that "came out of production" even as the company faced increased competition.
Last year, MOL shareholders approved payment of a dividend of around HUF 350 per share, including a HUF 150-per-share base dividend and a special dividend of around HUF 200 per share.
Households Make Net Deposits of HUF 97 bln at Banks in March
Gov't Acknowledges Drop in Motor Fuel Prices
Market Építő Revenue up 5% Last Year
CEETRA Celebrates Regional Brands in Budapest
SUPPORT THE BUDAPEST BUSINESS JOURNAL
Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.
