Profil:
Bank Pekao SAPoland's development fund wants Bank Pekao to pay dividend of PLN 18.36 per share
Poland's development fund PFR, as a shareholder of listed lender Bank Pekao, proposes that the bank allocates for dividend payment for 2024 PLN 4.8 billion (EUR 1.15 bln), or PLN 18.36 (EUR 4.39) per share, the company said in a draft AGM resolution submitted by PFR.
PFR proposes to allocate PLN 1.6 billion (EUR 382.6 mln) from 2024 profit to reserve capital.
In March, Bank Pekao's management board recommended to the general meeting to allocate PLN 3.3 billion (EUR 789.1 mln) from its 2024 profit for dividends, which amounts to PLN 12.6 (EUR 3.01) per share, as well as to allocate PLN 1.51 billion (EUR 361 mln) to dividend capital, which the bank will be able to use to make advances on dividends, which would amount to PLN 5.76 (EUR 1.38) per share.
The remaining PLN 1.6 billion (EUR 382.6 mln) of profit earned in 2024 was proposed to be allocated to reserve capital.
From the 2023 profit, the bank paid a dividend of PLN 19.2 (EUR 4.59) per share.
Poland's development fund holds a 12.8 percent stake in the bank's share capital.
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