At the end of November 2015, the Management Board revised its divident policy. It assumes that, starting from the financial year ended 31 December, 2016, the Company, after fulfilling the legal requierements and depending on market conditions, will allocate up to 70% of consolidated net profit for dividend payment.
On 25 April 2017, The Management Board of Pfleiderer Group S.A. adopted a resolution on a moiotn of the Management Board to General Meeting of Shareholders concerning distribution of the Company's profit for business year 2016 amounting to PLN 207,056 thousand.
The Management Board recommends assigning PLN 71.171,107.70 for payment of the dividend amounting to 1.10 PLN per one share and assigning remaining part of the profit to Company's supplementary capital.
On 9 May 2017 the Supervisory board of the Parent Company positively opined the above recommendation of the Management Board.
In April, 2017 The Management Board has recommended a dividend payout of PLN 71.2 million, i.e. PLN 1.1 per share to the General Meeting from the net profit for 2016.
During the Annual General Meeting held on June 29, shareholders of Plfeiderer Group S.A. decided on the distribution of net profit for the year 2015. In accordance with the recommendation of the Management Board, PLN 64,701,007.00 or PLN 1.00 per share were allocated for the payment of the dividend. The remaining part of the profit was passed to the supplementary capital. According to the adopted resolution, the dividend date was 15 July, whereas the dividend payment date was scheduled for 29 July.
In 2016 Pfleiderer Group paid to shareholders nearly PLN 65 million of dividend.