Dividend
Taking into consideration the adoption of the Strategy in December 2021, the Bank developed guidelines for the distribution of the Bank's net income for the years 2022 - 2024. The guidelines assume that the Bank will allocate most of its profits to dividend payments and the dividend payout ratio has been set at no less than 75% of the Bank's net profit, taking into account the stance of the Polish Financial Supervision Authority regarding the dividend policy of banks.
The table presents the history of dividends paid by Bank Handlowy w Warszawie S.A. since 1997, i.e. since the Bank's debut on the WSE.
|
Year
|
Dividend (PLN MM) |
Dividend per share (PLN) |
Dividend payout ratio |
Dividend declaration day |
Dividend day | Dividend payout day |
|---|---|---|---|---|---|---|
| 2022 | 1 175.9 | 9.00 | 74.9% | 26-04-2023 | 08-05-2023 | 15-05-2023 |
| 2021 | 714.7 | 5.47 | 100% | 23-06-2022 | 01-07-2022 | 11-07-2022 |
| 2020 | 156.8 | 1.20 | 99.2% | 17-06-2021 | 15-09-2021 | 22-09-2021 |
| 2019*** | - | - | - | - | - | - |
| 2018 | 488.7 | 3.74 | 74.82% | 05-06-2019 | 13-06-2019 | 24-06-2019 |
| 2017 | 537.0 | 4.11 | 99.98% | 08-06-2018 | 18-06-2018 | 25-06-2018 |
| 2016 | 591.8 | 4.53 | 97.96% | 22-06-2017 | 03-07-2017 | 20-07-2017 |
| 2015 | 611.4 | 4.68 | 98.60% | 21-06-2016 | 04-07-2016 | 21-07-2016 |
| 2014 | 970.8 | 7.43 | 99.94% | 22-06-2015 | 06-07-2015 | 24-07-2015 |
| 2013 | 934.2 | 7.15 | 99.94% | 24-06-2014 | 07-07-2014 | 29-08-2014 |
| 2012 | 756.5 | 5.79 | 75.00% | 20-06-2013 | 05-07-2013 | 30-08-2013 |
| 2011 | 360.6 | 2.76 | 50.00% | 20-06-2012 | 05-07-2012 | 31-08-2012 |
| 2010 | 747.4 | 5.72 | 99.91% | 01-06-2011 | 16-06-2011 | 29-07-2011 |
| 2009 | 492.6 | 3.77 | 94.00% | 28-06-2010 | 05-07-2010 | 30-08-2010 |
| 2008** | - | - | - | - | - | - |
| 2007 | 620.6 | 4.75 | 76.80% | 19-06-2008 | 04-07-2008 | 29-08-2008 |
| 2006 | 535.7 | 4.10 | 86.35% | 21-06-2007 | 05-07-2007 | 31-08-2007 |
| 2005 | 470.4 | 3.60 | 79.83% | 22-06-2006 | 05-07-2006 | 31-08-2006 |
| 2004 | 1 564.0 | 11.97 | *) | 26-06-2005 | 25-07-2005 | 01-09-2005 |
| 2003 | 241.7 | 1.85 | 99.70% | 24-06-2004 | 26-07-2004 | 01-09-2004 |
| 2002 | 241.7 | 1.85 | 99.60% | 25-06-2003 | 25-07-2003 | 01-09-2003 |
| 2001 | 163,3 | 1,25 | 99,81% | 27-06-2002 | 26-07-2002 | 02-09-2002 |
| 2000 | 130.7 | 1.00 | 63.83% | 25-06-2001 | 26-07-2001 | 03-09-2001 |
| 1999 | 186.0 | 2.00 | 39.37% | 30-06-2000 | 26-07-2000 | 04-09-2000 |
| 1998 | 93.0 | 1.00 | 30.84% | 22-06-1999 | 26-07-1999 | 01-09-1999 |
| 1997 | 130.0 | 1.40 | 22.51% | 31-03-1998 | 22-04-1998 | 02-06-1998 |
Source: current reports of Bank Handlowy w Warszawie SA
* 100% Dividend pay-out ratio of net profit plus prior year profits
** On 18 June 2009 the Ordinary General Meeting of Shareholders of Bank Handlowy w Warszawie
S.A. resolved no dividend for 2008 should be paid and net profit should be distributed as
follows:
1) allocation to the reserve capital - PLN 570,663,986.61
2) allocation to general risk fund - PLN 75,000,000.00
*** On June 4, 2020, the Ordinary General Meeting of Shareholders of Bank Handlowy w
Warszawie S.A. decided to leave the entire profit for 2019 undivided