Locked content Konsorcjum Stali plans no dividend for 2018 and 2019

WSE-listed steel producer Konsorcjum Stali does not intend to pay dividends for 2018 and 2019. Management Board plans to propose General Meeting to allocate all profits from 2018 and 2019 to supplementary capital, the company said on Friday. “The adoption of this policy will enable further exp...

Locked content Bank Handlowy announces dividend of PLN 4.11/shr

Shareholders of Bank Handlowy decided to distribute PLN 537.01 million of 2017 profit as dividends. The payment per share will amount to  PLN 4.11, the bank said. The number of shares covered by the dividend amounts to about 130.7 million. The dividend is said to be paid on June 25, 2018. For 2016 t...

Locked content Rainbow Tours wants to pay PLN 1.20 dividend per share

Rainbow Tours wants to allocate PLN 17.46 million or PLN 1.20 per share for dividend from 2017 profit  – the company said in draft resolutions for general shareholders, convened for June 20. The proposed dividend record date is June 27, and the payout date is July 11, 2018. The remaining part ...

Locked content Ciech to pay 2017 dividend of PLN 5.7 per share

Ciech intends to pay PLN 300.4 million in dividends for 2017, which corresponds to PLN 5.7 per share, the company said in a statement. It plans to allot the entire net profit of the company for 2017 increased by the amount transferred from the supplementary capital created from profits. 2017 net pro...

Locked content KNF recommends banks pay 75-100% of profits in dividend payouts

Financial Supervision Authority KNF said that it recommends banks to pay out 75-100 percent of its profits in dividends in the medium term. Full dividend payout ratios will be allowed for banks that would fulfill the same criteria even in a stress test scenario, the KNF said in a confirmation of cur...

Locked content KNF issues new dividend regulations

Financial Supervision Authority KNF set rules for several types of companies regarding dividends payouts for 2017’s profit. Insurers will be able to pay out up to 75 percent of its profits when they meet regulatory and solvency ratings. While the cap will be set at 100 percent for extra-solvent insu...

Locked content Poland with PLN 2.32 bln in dividends and income transfers

At end-October, Poland collected PLN 2.32 billion in dividends and income transfers from state-controlled companies, the Finance Ministry said in a statement. This means that the budget plan has been met in 95.1 percent. For next year, Poland plans to receive PLN 1.77 billion from companies it owns ...

Locked content mBank will not pay out dividend

Shareholders at Polish commercial lender mBank decided on Thursday not  to pay out a dividend on its 2015 net profit. mBank’s net profit in 2015 amounted to PLN 1.27 billion. Earlier, mBanks’ CEO Cezary Stypułkowski claimed that the lender intended to pay out dividends in 2016. mBanks is...

State Treasury reveal revenue from state-run firms

Polish companies owned by the State Treasury recorded revenue of nearly PLN 4.55 billion from dividends in 2015 which is  similar to the results noted in the previous year, the Ministry of the State Treasury reported.

Locked content PZU to pay out higher dividends

Shareholders at PZU, Poland’s largest insurer, decided on Tuesday that the firm will pay out last year’s dividend of PLN 30 a share, in line with PZU’s plans, Reuters reported. The total dividend of the state-controlled company will be valued at PLN 2.59 billion. Last year, PZU pai...