CEZ’s dividend amount from this year’s profit is expected to be more than double that of last year, the state received around 18 billion crowns from last year’s profit. Martin Novák, the CFO of ČEZ, told ČTK today.
“According to our current dividend policy, we estimate its value to be between 97 and 112 crowns per share, which would be a record so far,” said Novák. According to him, CEZ’s highest dividend so far has been SEK 53 per share.
Novák said that, according to current estimates, ČEZ is expected to pay around NOK 52-60 billion in dividends to shareholders from this year’s profit. “Of these, 36 to 42 billion crowns for the Czech state,” said Novák.
This year, starting in November, ČEZ paid shareholders a dividend of 48 kroner per share before tax from last year’s profit. Therefore, 25.8 billion crowns must be distributed among the shareholders, of which approximately 18 billion crowns are for the state. The approved dividend is lower than last year, when shareholders received 52 crowns per share.
CEZ is 70 percent state-owned through the Ministry of Finance, the remainder being held by private shareholders. Most of the dividend paid then goes to the state, voting at the CEZ general meeting usually ends according to the wishes of the Ministry of Finance.
The ČEZ Group’s net profit for the three quarters of this year rose to SEK 52.3 billion from SEK 6.7 billion in the same period a year ago, the company announced today. Net profit adjusted for extraordinary effects, from which the dividend is calculated, was SEK 16.9 billion last year for the nine months of the year, this year is no different from the net profit of 52, 3 billion crowns.
