Dividend policy

The Management Board of TAURON Polska Energia S.A. adopted the dividend policy, in which it defined the long term goal in the scope of minimum level of dividend yield. In the long term the Company is planning to pay out a dividend of 40 percent of the consolidated net profit.

The final decision on dividend pay out is made by the Company’s General Meeting of Shareholders after obtaining the Management Board recommendation based on, including in particular:

Group's liquidity position, market situation, implementation of the investment policy, cost and ability to obtain financing, legal requirements and provisions of the financing agreements, in particular related to not breaching the defined value of the leverage ratio, ensuring investment grade rating.

Amount of dividend per share paid out by the Company:

 

Dividend from
net profit for the year

Dividend amount
per share (PLN)

Total amount
of dividend paid (PLN)

Dividend Record Day

Dividend Payment Day

2019 - - - -
2018 - - - -
2017 - - - -
2016 - - - -
2015 - - - -
2014 0.15 262,882,409.10 22 July 2015 12 August 2015
2013 0.19 332,984,384.86 14 August 2014 4 September 2014
2012 0.20 350,509,878.80 3 June 2013 18 June 2013
2011 0.31 543,290,312.14 2 July 2012 20 July 2012
2010 0.15 262,882,409.10 30 June 2011 20 July 2011