ČEZ, the energy company majority-owned by the state, has proposed a record dividend payout of 145 crowns per share. This move would distribute the company’s entire profit from last year, with shareholders set to receive 78 billion crowns, the state receiving 54 billion crowns, and the remaining amount going to minority shareholders.
Following the announcement on Friday, the company’s shares experienced a surge on Monday morning after the market opened. Analysts are optimistic that the proposal for a higher dividend will be approved.
The proposal for the record dividend will be deliberated upon during the company’s general meeting, according to company spokesman Ladislav Kříž.
ČEZ itself had initially suggested distributing 80 percent of the profit to shareholders, which would have amounted to 117 crowns per share. However, the new proposal of 145 crowns per share represents a significant increase. The highest dividend paid by the company thus far was in 2010, when 53 crowns per share were distributed.
The news of the potential record dividend has had a positive impact on ČEZ shares, strengthening their position in the market. This move is seen as a special measure to reward shareholders and distribute the company’s profits.
What factors led to the decision to increase the dividend payout to a record amount
ČEZ, the energy company majority-owned by the state, is proposing a record dividend payout of 145 crowns per share. This would distribute the company’s entire profit from last year, with shareholders set to receive 78 billion crowns, the state receiving 54 billion crowns, and the remaining amount going to minority shareholders.
Since the announcement, ČEZ shares have experienced a surge in value after the market opened on Monday morning. Analysts are optimistic that the proposal for a higher dividend will be approved.
According to company spokesman Ladislav Kříž, the proposal for the record dividend will be discussed during the company’s general meeting.
Initially, ČEZ had suggested distributing 80 percent of the profit to shareholders, which would have equated to 117 crowns per share. However, the new proposal of 145 crowns per share represents a significant increase. The highest dividend paid by the company in the past was 53 crowns per share in 2010.
The news of the potential record dividend has had a positive impact on the market position of ČEZ shares. This move is seen as a special measure to reward shareholders and distribute the company’s profits.
This is great news for ČEZ shareholders! The record-breaking dividend of 145 Crowns per share reflects the company’s strong performance, providing investors with a rewarding return on their investment. Well done, ČEZ!