5.3.2 Dividend paid and proposed
On June 24th 2020, the Annual General Meeting of PGNiG S.A. resolved to distribute PLN 1,628,957,224.65, comprising PGNiG’s net profit for 2019 of PLN 1,7747,606,301.26 and the uncovered loss brought forward resulting from the implementation of new accounting standards (IFRS 9 in 2018 and IFRS 16 in 2019) of PLN 118,649,076.61 as follows:
- PLN 520,048,337.13 was allocated to dividend payment,
- PLN 1,108,908,887.52 was allocated to statutory reserve funds of the Company.
The dividend of PLN 0.09 per share was paid from 5,778,314,857 shares.
The dividend record date and the dividend payment date were set for July 20th 2020 and August 3rd 2020, respectively.
| 2020 | 2019 | |
|---|---|---|
| Dividend paid in the period | ||
| Dividend per share paid (PLN) | 0.09 | 0.11 |
| Number of shares | 5,778 | 5,778 |
| Dividend paid | 520 | 636 |
| dividend paid to owners of the parent | 520 | 636 |
| dividend paid to minority shareholders | – | – |
For detailed information on the dividend policy, see Directors’ Report on the operations of PGNiG S.A. and the PGNiG Group.