Warsaw bourse flags $25 million dividend, upholds payout policy
Reuters
Published May 21, 2016 09:33
Warsaw bourse flags $25 million dividend, upholds payout policy
WARSAW (Reuters) - Eastern and central Europe's largest equity market, the Warsaw Stock Exchange (GPW) (WA:GPW), said it will pay a dividend of 2.36 zlotys per share and plans to keep paying out more than 60 percent of annual profits.
GPW's dividend payout, slightly lower than 2.4 zlotys per share a year earlier, amounts to more than 99 million zlotys (17 million pounds) or 80.11 percent of the group's 2015 net profit, the group said in a statement late on Friday.
The state-controlled company, which underwent management changes under Poland's new conservative government earlier this year, is seeking to lure new investors and boost volumes after its main WIG20 (WIG20) index fell by a fifth last year.
The bourse, which has a combined market capitalisation of its listed companies of 132 billion euros ($148 billion), booked a first-quarter net profit drop of 32 percent to 26.3 million zlotys due to one-off items as well as lower investor activity.
Get The App
Written By: Reuters
Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.