Enhanced Dividend Policy: Semi-Annual Dividends to Foster Investor Confidence
Aa
Share
Semi-annual dividends intend to support investor patience
The company announced its willingness to pay a record dividend in the amount of PLN 0.27 per share and announced a change in its dividend policy, starting with the dividend for the financial year 2024. The company intends to switch to a half-yearly cycle of sharing profits with shareholders (advance payment in November or December and the rest of the amount in May or June).
At the same time, the amount of dividend is to be increased from at least 60% of the consolidated net profit attributable to the parent company to a level of not less than 75% of the profit. Combined with investment plans, this change can be interpreted as a signal that the dividend is still to be paid from the subscription business of IMS itself, and the development of CM will be financed mainly by royalties and external investors.
