Mol Snaps Two-Day Decline on Last Day of Trading With Dividend
By Edith Balazs -
2012-06-12T07:57:40Z
Mol Nyrt. (MOL), Hungary’s largest refiner advanced, snapping two days of declines, as today is the last day that shares trade with the right to a dividend on last year’s earnings.
The stock gained 1.8 percent to 16,590 forint by 9:36 a.m. in Budapest, leading the benchmark BUX stock index 0.8 percent higher.
Mol will pay a dividend of 454.54 forint per share after the 2011 profit, the company said in a statement on the Budapest bourse website June 8.
To contact the reporter on this story: Edith Balazs in Budapest at ebalazs1@bloomberg.net
To contact the editor responsible for this story: James M. Gomez at jagomez@bloomberg.net
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