Dividend Policy

With the execution of ambitious investment projects in mind, which would support Grupa Azoty’s business growth and ensure the highest level of long-term financial security, the Company decided not to set a lower limit for the dividend payout ratio, and to maintain the upper limit at 60%.

The overarching goal underlying the Group's financial structure is to provide long-term financial security and full internal coherence of its overall funding.

The implementation of a comprehensive investment program and the risk of economic downturn is reflected in the waiver of the lower threshold of the dividend payout. As a consequence, in duly justified cases the dividend payment will not be recommended by the Management Board.

Paid out dividends


The dividend record date

The dividend payment date

Retained earnings

Total dividend amount

Dividend per share

Dividend for 2017
July 25th 2018
August 8th 2018
PLN 354,793,000
PLN 123,994,355.00
PLN 1.25
Dividend for 2016
August 4th 2017
August 23rd 2017
PLN 224,775,000
PLN 78,364,432,36
PLN 0.79
Dividend for 2015
June 20th 2016
July 11th 2016
PLN 209,055,000
PLN 83,324,206,56
PLN 0.84
Dividend for 2013
June 18th 2014
July 9th 2014
PLN 44,117,000
PLN 19,839,096.80
PLN 0.20
Dividend for 2012
April 22nd 2013
May 24th 2013
PLN 250,692,000
PLN 148,793,226
PLN 1.50
Dividend for 2008
June 26th 2009
part 1: August 31st 2009
part 2: November 6th 2009
PLN 61,935,000
PLN 39,898,749.42
PLN 1.02

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