There are just a few days left till the season of GSM is over. Basing on the data from the meetings held already and on the plans for those which are yet to be held, “PB” has estimated how high the joint dividend will be this year. As many as 70 companies listed on the WSE decided to pay out one. The joint value amounts to PLN 12bn (gross).
“Companies sharing with their income are well perceived by the market. Investors have an additional bonus”, Piotr Cieslak, analyst of the association of individual investors said.
Some of the companies offering dividend are really among the best performers on the WSE, including KGHM copper producer, Mostostal-Plock construction company, TU Europa insurer, Talex and Zywiec. Investors of ATM, Impexmetal and Biprometr received a dividend although the stock has dived substantially in the last months.
The companies paying the highest dividend are state-owned enterprises. The Ministry of the Treasury will this year get PLN 2.9bn of dividends. Foreign companies which privatized the Polish ones also decided to take away part of the income (UniCredit, France Telecom and Citibank).
Interestingly, the biggest stock investors are not keen on the dividend. Leszek Czarnecki does not take any dividend from TU Europa, Michal Solowow and Roman Karkosik do the same.
“There are two reasons I don’t want a dividend in the companies I’m a shareholder. First of all, the companies are still developing fast and they still need capital. Secondly, it looks like a crisis is coming and they will need the capital”, Michal Solowow explained.
Several smaller investors, however, will earn quite a lot. Zbigniew Jakubas will get as much as PLN 11.1m from Mennica. Sniezka main shareholders will get PLN 5.8m each. Adam Goral will receive over PLN 3.7m of dividend from Asseco Poland, Jerzy Starak will get PLN 2.85m from Kruszwica while Zygmunt Solorz-Zak will earn PLN 1.3m from ATM Grupa.
(PLN 1 = EUR 0.297)