46. Dividends per share
On 18 June 2018 the General Meeting of Shareholders of PKO Bank Polski SA passed a resolution on appropriating the Bank’s profit for 2017 (8/2018), pursuant to which the profit of PLN 2 774 million was earmarked as follows:
- PLN 687.5 million to be distributed as dividend to the shareholders;
- PLN 2 050.0 million to be transferred to supplementary capital;
- PLN 36.5 million to be transferred to reserves.
2018
Dividend amounted to 24.8% of the profit for 2017, which constitutes PLN 0.55, gross, per share. The General Meeting of Shareholders of PKO Bank Polski SA set the dividend date (date of vesting rights to dividend) at 8 August 2018, and the dividend payment date at 22 August 2018.
The Resolution of the General Meeting of Shareholders of the Bank on the appropriation of the Bank’s profit for 2017 complies with the recommendation of the PFSA of 16 March 2018. The Bank received a recommendation from the PFSA to increase ow funds by retaining at least 75% of the earnings generated in 2017. At the same time, the PFSA confirmed that the Bank meets the requirements to pay dividend at a level of up to 25% of the net profit for 2017.