Dividend Policy

Strategic goal of the Management Board of Qumak S.A. is increasing the value of company to shareholders through rising company’s shares rate and a return rate from held shares due to applying a dividend policy.

Thanks to stable and safe financial condition the company wants to share the profit with shareholders. Management Board’s intention is recommending to a General Meeting payment of dividend on the level from around 30 to 70 percent of the net profit achieved by the Company.

 

Management Board’s recommendation regarding payment of dividend is always influenced by the current financial situation of the Company, and in particular the amount of achieved net profit, current and planned investments, as well as performed projects and existing liabilities. All these factors and the Company’s stand in a current market situation undergo analysis and evaluation by the Management Board and Supervisory Board of the Company, which annually provides opinion on the Management Board’s recommendation to a General Meeting of Shareholders concerning payment of dividend.

 

2013 2012 2011 2010 2009 2008 2007
Net profit 7 318 958,07 10 389 007.93 13 267 777.16 13 231 012.62 14 310 555.05 14 122 808.96 8 391 544.08
Dividend paid,
including:
10 375 082,00 18 156 393.50 10 375 082.00 10 375 082.00 3 631 278.70 2 531 270.50
  • Dividend from profit
    for current financial year
7 262 557,40 10 375 082.00 10 375 082.00 4 668 786.90 3 631 278.70 2 531 270.50
  • Dividend from profit
    for the previous years
3 112 524,60 7 781 311.50 5 706 295.10
Dividend  per 1 share 1,00 1.75 1.00 1.00 0.35 0.25
Dividend rate 8% 13% 7% 6% 3% 2%
D day 15 September 2014 28 June 2013 14 July 2011 16 July 2010 18 June 2009 18 June 2008
W day 1 December 2014 15 July 2013 2 August 2011 2 August 2010 8 July 2009 3 July 2008