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Back30/04/2025

This year’s dividend revenue secures the university’s long-term operation

On April 24 and 29, the annual general meetings of the joint-stock companies owned in part by the Maecenas Foundation were held.
Budapesti Corvinus Egyetem

The shareholders of MOL Plc., in agreement with the board’s proposal, decided to distribute a dividend of 275 HUF per share, totaling 220.42 billion HUF, based on the 2024 fiscal year results. The Foundation is entitled to 10% of this, approximately 22.5 billion HUF in revenue. 
The shareholders of Richter Gedeon Plc. approved the distribution and payment of a total dividend of 93 billion HUF for the past financial year. This is exceptionally high in Richter’s history, amounting to 509 HUF per share. The Foundation is expected to receive nearly 9.5 billion HUF in dividend income from its Richter shares. 

 
Neither Corvinus University nor its maintainer benefits from state (public task) funding, so the university’s long-term operations are secured by dividend income and the results of foundation asset management. The high dividend income of recent years has not only enabled the financing of annual operations but has also created the financial foundation for supporting Corvinus University’s operations until 2030. 

 
This ensures that long-term performance-based salary development can continue, the Corvinus Scholarship for approximately 3,500 undergraduate students studying tuition-free is sustainable, and the academic scholarship of around 66,000 HUF per month, which is considered outstanding in domestic higher education, can be maintained. 

 
The financial assets also enable the realization of academic developments and infrastructure investments outlined in Corvinus University’s evolving strategy, aimed at improving the university’s international competitiveness and the quality of education. 

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