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Hungary’s MOL has announced plans for a HUF220.4bn (€560mn) dividend payout for 2025, as the oil and gas giant seeks to maintain shareholder returns despite earnings cooling from their 2022 peak. The proposal, approved at the company’s annual general meeting on Tuesday, April 1, represents a nearly 10% increase from last year’s distribution.
The board has recommended a base dividend of HUF165 per share and an extraordinary dividend of HUF110, bringing the total to HUF275. The final amount will depend on the number of shares in circulation before the record date, MOL said. The payout equates to a 9% dividend yield,
While higher than last year’s dividend, the payout remains below the bumper distributions of 2022 and 2021, when the group benefitted from exceptionally strong refining margins and a favourable regulatory environment.
MOL reported EBITDA exceeding $3bn in 2024 and reaffirmed similar expectations for the current year. The company has also continued its expansion in regional energy markets, with recent investments in refining and petrochemicals.
Investor reaction was positive, with MOL’s shares rising 3.2% to HUF3,024 following the announcement. MOL also announced on Tuesday that it acquired gas fields and related infrastructure owned by O&GD in southwest Hungary, with a production capacity equating to around 1,000 barrels of oil equivalent (boe).
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