Dividend paid or declared from the profit for the year ended | |||
December 31, 2016 | December 31, 2015 | December 31, 2014 | |
CASH DIVIDENDS FROM ORDINARY SHARES | |||
Dividend paid from retained earnings | - | 467 | 1,458 |
Cash dividends per share (in PLN) | - | 0.25 | 0.78 |
Dividend from the profit for the year 2016
During the reporting period and until the date of preparation of these financial statements PGE S.A. made no advance payments of dividends.
Until the date of preparation of these financial statement suggested distribution of the Company’s profit for 2016 has not been approved. The Company's dividend policy provides for payments of dividends amounting to 40-50% of the consolidated net profit adjusted by impairment of non-current assets.
Dividend from the profit for the year 2015
On June 28, 2016 the General Shareholders’ Meeting of PGE S.A. resolved to distribute PLN 467 million from the net profit of 2015 as a dividend (that comprises dividend of PLN 0.25 per share). The dividend was paid on October 14, 2016.
Dividend from the profit for the year 2014
On June 24, 2015, the General Shareholders’ Meeting of PGE S.A. resolved to distribute PLN 1,458 million from the net profit of 2014 as a dividend (that comprises dividend of PLN 0.78 per share). The dividend was paid on October 15, 2015.