Bloomberg News

Mol Snaps Two-Day Decline on Last Day of Trading With Dividend

June 12, 2012

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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