Hungarian public companies are paying 548 million euros of dividend

Public companies are soon beginning to pay dividend from last year’s profit. If the general assemblies approve, shareholders can receive more than 170 billion forints (548 million euros) worth of dividends, portfolio.hu writes.

Hungarian public companies are beginning to release their proposals which reveal how much dividend companies are paying. With the highest dividend stocks, even 5-6pc dividend yield can be reached, which is especially attractive in the current low interest rate environment.

MOL pays the biggest dividend with 58 billion forints (186 million euros), followed by OTP with 53.2 billion (171 million euros), Magyar Telekom with 26 billion (83 million euros), and Richter with 19.8 billion forints (63 million euros).

As for dividend yield, the traditional distributing shares are at the top. Nyomda has a dividend yield of 6.3pc, Émász 6.2pc, and Elmű 6pc. Telekom has a dividend yield of 5.1pc calculated with 25 forints per shares, and in the low interest rate environment, the 3.1pc dividend yield of MOL shares produces relatively good results as well.