Energy 8 August, 2017 9:00 am   
Editorial staff

Record-high dividend payment at PKN ORLEN

Today, PKN ORLEN paid out the highest-ever dividend of PLN 3 per share. It is the fifth consecutive year when the Company delivers on its strategic objectives by distributing dividend.

The Annual General Meeting resolved to pay out to the shareholders almost a quarter of the record-high net profit of PLN 5.36bn earned by PKN ORLEN in 2016. The consistent increase in dividend per share (DPS), in line with PKN ORLEN’s strategic objectives, is being achieved while maintaining a sound financial footing, taking into account the Company’s current and expected financial condition.

A total of PLN 1.283bn was allocated for dividend payment this year. The remaining portion of PKN ORLEN’s 2016 net profit will be transferred to the Company’s statutory reserve funds. To date, the highest dividend, of PLN 2.13 per share, was paid by PKN ORLEN for 2004. In 2000, the amount allocated by PKN ORLEN for the first-ever dividend distribution, for 1999, was PLN 21m, i.e. PLN 0.05 per share.

PKN Orlen