CSR

Dividend Policy

Dividend Policy

The basic objective of the Management Board of TORPOL S.A. is continuous, stable and systematic creation of added value for the Shareholders, allowing to achieve an attractive rate of return while maintaining prospects of further development for the Company and maintaining an appropriate level of financial liquidity.

Management Board of TORPOL S.A. (Company) informs that in accordance with resolution No. 8 of the Ordinary General Meeting of the Company of 21 June 2021 on distribution of the profit generated by the Company in the FY 2020, the Ordinary General Meeting of the Company decided to allocate the net profit generated by the Company in the financial year 2020 in the amount of PLN 46.974.094,96 to the following:

  1. payment of dividend – in amount of PLN 35.144.100,00, i.e. PLN 1,53 per share;
  2. coverage of the accumulated loss from previous years in the amount of PLN 2.267.468,54;
  3. increase in the Company’s Social Benefits Fund – the amount of PLN 700.000,00;
  4. increase in the reserve capital – in the amount of PLN 8.862.526,42.

At the same time, the Ordinary General Meeting of the Company decided that the list of shareholders entitled to dividend for 2020 (dividend day) is set at 30 June 2021 and the dividend payment date is set at 30 July 2021.

The table below presents the Company’s dividend history since its debut on the Warsaw Stock Exchange (July 2014). Since the financial year of 2013, the Company has allocated its net profit generated in full amount to the reserve capital or supplementary capital.

For the period Dividend
(in thousands of PLN)
Dividend per share
(in PLN)
Dividend day Unconsolidated net profit for the period
2014 11 485 0,50 19.06.2015 25 003
2015 15 849 0,69 27.06.2016 32 002
2016 10 107 0,44 16.06.2017 15 362
2017 0 0 nd. -13 765
2018 5 740 0,25 31.07.2019 8 166
2019 20 673 0,90 31.07.2020 27 745
2020 35 144 1,53 30.06.2021 46 974