Annual Report 2017

Dividend

Dividend

On 26 June 2017 the ENERGA SA Annual General Meeting adopted a resolution on the net profit appropriation for 2016, distributing PLN 78,672,751.66 for the Company’s shareholders dividend, i.e. PLN 0.19 per share. (current report no. 28/2017)

Dividend policy

Following the adoption of the ENERGA Group Strategy for 2016-2025, the dividend policy of the Company, as set out in the Company's Issue Prospectus, was modified. The prospectus was approved by the Financial Supervision Commission on November 15, 2013. The dividend policy will be adjusted to the financial needs of the investment process, where the most significant expenditure is expected to end in 2023.

414 m PLN(PLN 1 per share)

Dividend from profit in 2013
paid on 10 June 2014

6 %

Divident yield

56 %

Payout ratio

596 m PLN(PLN 1.44 per share)

Dividend from profit in 2014
paid on 21 May 2015

7 %

Divident yield

59 %

Payout ratio

203 m PLN(PLN 0,49 per share)

Dividend from profit in 2015
paid on 18 July 2016

2 %

Divident yield

24 %

Payout ratio

78 m PLN(PLN 0,19 per share)

Dividend from profit in 2016
paid on 9 October 2017

2 %

Divident yield

54 %

Payout ratio

Dividend yield calculated as the quotient of dividends per share and average price of shares in a given year. The dividend payout ratio determines the ratio of the dividend paid to Energa Group's consolidated net profit.

See also