Poland’s biggest insurer PZU SA has informed its management board had recommended a dividend of 2.5 zloty per share or 2.16 billion zloty ($595.19 million) in total from 2017 net profit.
If shareholders accept the proposal, the dividend will be paid out on October 3, the statement said. The company also said the dividend was in line with its policy.
Last year PZU, paid a dividend of 1.4 zloty per share or 1.2 billion zloty in total for 2016. Read more: Insurer PZU to offer PLN 1.209 bln in dividends from 2016 profits or PLN 1.40 per share
The state-run company had net profit of 2.91 billion zloty in 2017.
