Dividend

 

First: Shareholders!

Strategic target of the Company is a systematic increase of DPS ratio (dividend per share), taking into account the achievement of strategic targets of safe financial standing of ORLEN Capital Group (financial gearing, net debt/EBITDA acc. to LIFO ratio and rating) and forecasts regarding macro environment.

 

Dividend for year ​​ ​ Dividend  (PLN) % of net profit allocated for dividend ​ Date of dividend right ​ Date fo​r dividend payment ​
​total per share
1999 ​21 008 856,85 0,05 3,30% 31 May 2000 15 June 2000
2000 ​21 008 856,85 0,05 3,00% 31 May 2001 3 July 2001
2001 ​50 421 256,44 0,12 20,30% 17 July 2002 1 August 2002
2002 ​58 824 799,18 0,14 15,40% 1 August 2003 2 September 2003
2003 ​278 010 889,65 0,65 29,80% 2 August 2004 1 September 2004
2004* ​911 020 299,93 2,13 40% 1 August 2005 1 September 2005 1.07 PLN / per share
1 December 2005 1.06 PLN / per share
2005** ​- - - - -
2006** ​- - - - -
2007 ​692 888 678,82 1,62 25,11% 1 August 2008 1 September 2008
2008** ​- - - - -
2009** ​- - - - -
2010** ​- - - - -
2011** ​- - - - -
2012 ​641 563 591,50 1,50 30,15% 26 July 2013 13 August 2013
2013 ​615 901 047,84 1,44 99,71% 16 June 2014 8 July 2014
2014 ​705 719 950,65 1,65 - *** 16 June 2015 8 July 2015
​2015 855 418 122,00 ​2,00 81,66% 15 July 2016 5 August 2016
​2016 ​1 283 127 183,00 ​3,00 ​23,92% ​14 July 2017 ​4 August 2017

 

* PKN ORLEN paid the dividend for year 2004 in two installments: 1 September 2005 and 1 December 2005
** PKN ORLEN didn’t pay the dividend for years 2005, 2006, 2008, 2009, 2010 and 2011.
*** Dividend paid from the supplementary capital from the retained earnings.

Basic information

Dividend
It is a part of net profit generated by the company for the certain financial year, which is shared among its shareholders. The level of the dividend, date of dividend right and date of dividend payment are determined by shareholders at the company’s ordinary general meeting of shareholders. 

Management Board proposition regarding distribution of net profit or cover the loss is always included in PKN ORLEN full year financial statement.

The Management Board presents its proposal to PKN ORLEN shareholders at the Annual General Meeting, which makes the final decision in this issue.


Date of dividend right

The date on which a list of shareholders entitled to dividend for the certain financial year is established. Only these shareholders who hold company’s shares on that day have a right to receive the dividend for the certain financial year.


Date of dividend payment
The date when the dividend is transferred to company’s shareholders accounts.

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