Back
CEZ Hungary News CEZ Group The proposed amount of CEZ´s dividend: 15 CZK

2006. 5. 11.

The proposed amount of CEZ´s dividend: 15 CZK

Yesterday´s meeting of the Board of CEZ Power Company decided on a proposal for the amount of a dividend from the last year´s profit (non-consolidated), which is going to be submitted to the general meeting on 23rd May 2006. The Board is going to propose a gross dividend in the amount of 15 CZK per share (nominal value 100 CZK).

The proposed amount of a dividend represents an increase of 67 per cent on the dividend paid in the previous year, when it was 9 CZK/share. The total amount for dividends is assessed at over 8.85 billion CZK, which is a half of the non-consolidated profit of CEZ for 2005.

The change of the CEZ dividend policy for the future years, adopted in November 2004, is thus taking place as it was signalled by CEZ at the beginning of this year. The Board´s proposals for the amount of dividends in the future will be based on the amount of the consolidated profit of CEZ Group, when 40-50 % of the profit will be earmarked for dividends (Pay out ratio). This ratio corresponds to the range of European power firms.

Ladislav Kriz, Press Officer, CEZ, a.s.