After a year’s break, the board of KGHM took concrete steps and announced a proposal for a dividend payout totaling 300 million PLN.
KGHM Polska Miedź shares are falling. The company is back in the game
For holders of the copper giant’s shares this means exactly 1,5 PLN per share.
It is worth noting that this level has been seen before, but in the current market environment it takes on significant importance.
"In developing the recommendation, the board primarily considered the current financial situation and the assessment of the financial needs of the KGHM Polska Miedź S.A. capital group in the context of short- and long-term investment plans," the company’s official statement said.
"This proposal is consistent with the company’s dividend policy, which aims to balance the amount of dividends paid with the ability to invest profits efficiently," it added.
The dividend date is set for 25 June 2026, meaning funds will be credited to brokerage accounts on 8 July 2026.
This is very important information for the market, showing that KGHM, despite huge investment needs, does not forget the fundamentals of building relationships with investors.
This is a move worthy of an experienced player who knows when to take risks and when to pay out accumulated points. It is worth noting that after yesterday’s market close, KGHM Polska Miedź shares fell by 0,61%.
On Tuesday, 28 April, the KGHM Polska Miedź share price reached 310,15 PLN after a few percent drop in recent days.
Chart. KGHM Polska Miedź share price
Source: TradingView.
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Profit for 2025 of 1.9 billion PLN. Why most stays in the company?
The net profit for KGHM in 2025 was an impressive 1,946 million PLN.
For investors wondering why KGHM intends to share only 300 million PLN, the answer is simple: long‑term strategy.
The remaining amount, over 1,646 million PLN, is earmarked for the reserve capital according to the recommendation. In the current geopolitical and market situation, cash is a literal equivalent of ammunition, and KGHM plans a real arms race in the coming years.
The board justifies its decision with a cold calculation of the group’s financial needs. KGHM must now balance short‑term market satisfaction with long‑term strategy and investment plans.
Rising energy costs and the need to modernise mines mean keeping over 1.6 billion PLN inside the company is a safety valve guaranteeing stability. KGHM does not intend to play only one round but to build its position for future decades.
It is worth recalling that the Boryszew capital group’s board recently decided not to pay a dividend for 2025. This shows that KGHM wants to balance shareholder satisfaction with building strategic capital inside the company.
For someone who follows new processor releases and AI development daily, KGHM may seem like an "old‑school" company. Nothing could be further from the truth, as there are no data centers without copper and no new graphics card or photovoltaic panel without silver.
The KGHM group remains a global heavyweight, ranking in the top ten copper producers worldwide and is the second largest silver producer.
The current silver price on 28 April 2026 is 72 USD per ounce.
Chart. Spot silver price
Source: Trading Economics.
The copper price is 5,92 USD per pound.
Chart. Spot copper price
Source: Trading Economics.
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