20.8 Dividends paid and dividends declared

Clients

Natural environment

Public affairs

Investors

Local communities

Employees

Social contribution



  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
note_20.8_table_1_pge.xlsx

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.