Dividend

Year Net profit
[PLN]
Dividend
[PLN]
Dividend per share
[PLN]
Dividend date Dividend payment date dividend / net profit
[%]
2018 51 596 697.12 25 510 192.50 0.75 9 July 2019 23 July 2019 49.4%
2017 673 281 183.53 no dividend 0.0%
2016 175 896 313.75 34 013 590.00 1.00 13 July 2017 2 August 2017 19.3%
2015 -278 029 548.37 no dividend 0.0%
2014 272 942 404.07 119 047 565.00 3.50 17 September 2015 8 October 2015 43.6%
2013 326 529 845.95 197 278 822.00 5.80 11 September 2014 2 October 2014 60.0%
2012 287 026 808.52 172 108 765.40 5.06 15 September 2013 1 October 2013 60.0%
2011 218 977 735.69 136 054 360.00 4.00 18 May 2012 14 August 2012 62.1%
2010 227 362 313.44 47 619 026.00 1.40 29 July 2011 26 August 2011 20.9%
2009 192 052 876.83 no dividend 0.0%

DIVIDEND POLICY

In the medium and long run, LW Bogdanka S.A. wants to remain a dividend-paying company and the Management Board intends to ask the General Shareholders Meeting for approval of dividends up to 50% of the net profits shown in the Company’s separate financial statements, prepared in accordance with the International Financial Reporting Standards.

In the light of rapid changes in both Polish and global coal markets, it is a priority for the Management Board to ensure financial and liquidity security for the Company. Therefore, the dividends recommended each time by the Management Board will depend on:

  • current market situation;
  • generated operating cash flows;
  • planned capital expenditures and investments;
  • projected debt of the Company.

The above dividend payment policy will be reviewed periodically, and future dividend payments will be made in accordance with the decisions of the General Shareholders Meeting.