PZU to pay out zł.260 million in dividends

The shareholders of leading domestic insurer PZU are to receive today almost zł.260 million in dividends. The owners of the company will collect zł.241.79 million of the 2003 profit which amounted to over zł.900 million plus an additional zł.17.3 million from previous years' results. This means that the company has devoted zł.3 per share. Initially PZU representatives planned to devote zł.449.03 million in dividend payments but such a move was objected to by the State Treasury. Despite this fact, it is still the highest dividend paid out for many years. The largest recipient of the funds will be the State Treasury which will receive almost zł.143 million, while the second largest cut will go to the Dutch Eureko/Millenium consortium which is anticipating zł.54.14 million. The shareholders might also be pleased by a recent announcement made by PZU president Cezary Stypułowski who stated that the size of dividends will grow each year. (Puls Biznesu, p. 7) A.K.