Dividend Policy
The Management Board intends to recommend to the General Meeting the payment of a dividend in an amount reflecting
the level of net profit reported in the Company’s standalone annual financial statements and the Company’s financial capabilities. When submitting proposals regarding dividend payments, the Management Board will take into account
the need to ensure an appropriate level of the Company’s capital adequacy ratios, the capital required for the Group’s development, and the guidelines of the Polish Financial Supervision Authority (KNF).The Management Board’s intention is to recommend in the future that the General Meeting adopt resolutions on dividend payments, taking into account the factors indicated above,
in an amount ranging from 50% to 100% of the Company’s standalone net profit for the given financial year.
However, the dividend policy may be amended by the Management Board as necessary, and decisions in this regard will be made taking into account a range of different factors concerning the Company, including prospects for continued operations, future profits, cash requirements, financial position, capital adequacy ratios, expansion plans, and legal requirements in this area. Each resolution on dividend payment will also be considered by the General Meeting.
The payment of a dividend and the determination of its amount ultimately depend on the decision of the shareholders at the Ordinary General Meeting, and in this regard, the shareholders are not bound by any recommendation of the Management Board.
XTB Dividend history
1 restated data to ensure comparability in connection with the share split effected September 2nd, 2015
2 the advance payment of dividend to Company’s shareholders for 2018 financial year
3 dividend paid partially from the profit for 2012 in the amount of PLN 31,463,130.00 and from the other reserves capital in the amount of PLN 63,536,870.00
The dividend from the standalone net profit for the years 2013 and 2017 was not paid.
2 the advance payment of dividend to Company’s shareholders for 2018 financial year
3 dividend paid partially from the profit for 2012 in the amount of PLN 31,463,130.00 and from the other reserves capital in the amount of PLN 63,536,870.00
The dividend from the standalone net profit for the years 2013 and 2017 was not paid.