Dividend

Dividend policy is an element of the development strategy of the Capital Group of Grupa KĘTY S.A. announced for a relevant period. The current dividend policy is described in Section 4 of the Report of the Management Board of Grupa KĘTY S.A.

Starting from 2001, Grupa KĘTY S.A. has been systematically paying out dividend (except in 2009, when dividend was not paid for 2008 owing to the worldwide financial crisis).

In 2023, PLN 603,134,500.00 dividend for 2022 was paid (growth by over 19% compared with the preceding year), i.e. PLN 62.50 per share, which represented approximately 89% of consolidated net profit attributable to owners of the parent.

The dividend record day was 22 August 2023, whereas the dividend payment date was set for 6 September 2023 (the amount of PLN 193,003,040.00, i.e. PLN 20.00 per share) and 8 November 2023 (the amount PLN 410,131,460.00, i.e. PLN 42.50 per share).

By the date of preparing this report, the Management Board of Grupa KĘTY S.A. had not passed a resolution on recommending to the General Meeting the distribution of the net profit generated by the Company in 2023, or dividend payment. The final decision regarding the dividend payment is made each year by the Annual General Meeting.

In that period of the last five years, the value of dividend per share grew by 2.5 times, from PLN 23.93 in 2019 to PLN 62.50 in 2023, whereas the total value of profit paid out in the form of dividends in the years 2019-2022 amounted to over PLN 2.1 billion.