Dividend policy

According to the company’s dividend policy shareholders are paid 40-50% of the consolidated net profit attributable to the shareholders of the holding company. However, when proposing the ultimate dividend the Management Board will take into account the needs related to the expansion of the company and TAURON Group - in particular the planned implementation of the adopted CAPEX program as well the need to maintain an appropriate liquidity level in the company and TAURON Group.

The Management Board’s recommendation on the dividend payout is affected by the following factors:

  • net profit in the company’s stand-alone financial statements,
  • current cost of acquiring debt financing and ability to obtain such financing on the market,
  • current investment needs,
  • structure of financing.

2014 dividend

During the Ordinary Shareholder Meeting on April 23, 2015 the shareholders of TAURON Polska Energia took the decision to pay a dividend of PLN 262.9m. The dividend per share is PLN 0.15. The Dividend date of record is July 22, 2015 with the payment date being August 12, 2015.

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YearTotal dividend (PLN m)
Total dividend
2010262.9
2011543.3
2012350.5
2013333
2014262.9
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YearCumulative dividend since the IPO (PLN m)
Cumulative dividend since the IPO (PLN m)
2010262.9
2011806.2
20121156.7
20131489.7
20141752.6
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YearDividend per share (PLN)
Dividend per share (PLN)
20100.15
20110.31
20120.2
20130.19
20140.15
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YearCumulative dividend per share (PLN)
Cumulative dividend per share (PLN)
20100.15
20110.46
20120.66
20130.85
20141
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YearDividend as a % of profit
Dividend as % of net profit
201030.62%
201144.53%
201222.74%
201325.45%
201422.26%
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YearDividend yield
Dividend yield
20102.8%
20116.5%
20124.6%
20133.8%
20143.3%

 

2010

May 6, 2011 - General Meeting of Shareholders

June 30, 2011 - Dividend record date

July 20, 2011 - Dividend payment date

2011

April 24, 2012 - General Meeting of Shareholders

July 2, 2012 - Dividend record date

July 20, 2012 - Dividend payment date

2012

May 16, 2013 - General Meeting of Shareholders

June 3, 2013 - Dividend record date

June 18, 2013 - Dividend payment date

2013

May 15, 2014 - General Meeting of Shareholders

August 14, 2014 - Dividend record date

September 4, 2014 - Dividend payment date

2014

April 23, 2015 - General Meeting of Shareholders

July 22, 2015 - Dividend record date

August 12, 2015 - Dividend payment date

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Letter from the President of the Management Board [43KB PDF]Open
Auditor's Opinion [477KB PDF]Open
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