By Margit Feher

BUDAPEST--Shareholders of oil and gas company MOL Nyrt. (MOL.BU), Hungary's largest company by revenue, approved at an annual meeting Thursday the board's proposal for the payment of a total of 55 billion forints ($201.2 million) in dividends on 2015 earnings.

That's up from last year, when MOL paid a total of HUF50 billion in dividends after its 2014 results.

MOL shareholders also approved the cancellation of shares amounting to 2% of the company's registered equity to improve the firm's capital structure and also to lower the registered equity by 2,090,381 shares to increase the shareholders' return. Shareholders will receive no compensation upon the share cancellation.

Write to Margit Feher at margit.feher@wsj.com; Twitter: @margitfeher

(END) Dow Jones Newswires

April 14, 2016 05:55 ET (09:55 GMT)

Copyright (c) 2016 Dow Jones & Company, Inc.
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