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.
|Title||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 2009part 2: November 6th 2009||PLN 61,935,000||PLN 39,898,749.42||PLN 1.02|