BZ WBK Bank to recommend PLN 10.7 DPS from 2013 profit
February 28, 2014
BZ WBK Bank, a unit of the Santander group, will recommend PLN 10.7 dividend per share from 2013 profits or a total payment of PLN 1.0 billion, the company said in its 2013 financial report.
This payment will account for 50% of attributable net profit and 62% of the bank's net profit.
BZ WBK Bank would like to set May 2 as dividend rights day and May 16 as payment day, the bank said in a separate market filing.
The bank has already secured the supervisory board's approval of the recommendation, the filing also showed.
Dividend yield against PLN 412 share price at Wednesday close would thus amount to 2.6%.
BZ WBK Bank netted PLN 1.61 billion in 2013.
Analysts surveyed by PAP forecast 52% dividend payout from the expected 2013 net profit, which would translate to some PLN 10.7 DPS.
BZ WBK Bank last maintained its mid-term dividend policy assuming sharing 50% of net profit with shareholders at end-January 2014, CEO Mateusz Morawiecki told PAP.