As regards dividend policy the Management Board followed the rule that the dividend payout corresponds to the generated profit and the Group’s financial situation and capital needs, taking into account the need to maintain liquidity and capital necessary to further develop the business and ongoing projects.
A medium-term objective of the Group is to keep the net interest-bearing debt at the level of 1x – 2x EBITDA.If this objective is met and there is no need for capital to implement interesting investment projects that would allow the Company and the Group to meet its strategic goals, then the Management Board usually recommends the Annual General Meeting of Shareholders to pay a dividend in the amount which is at least 50% of the consolidated net profit generated by the Group.
The policy governing dividend may change and the Management Board shall adjust its recommendations to take into account various factors concerning the Issuer, the Group, and the market, including the perspective for continuing business activity, generated profit, capital needs, financial standing, development plans, as well as legal regulations regarding this matter. Decisions concerning profit division and dividend payout shall be made by way of adopting a resolution by the General Meeting of Shareholders.
| Dividend amount (in thousands PLN) | Dividend per one share (PLN) | Dividend record date | Dividend payout date | Consolidated net profit of Pekabex Group (in thousands PLN) | Dividend as a % of consolidated net profit of Pekabex Group | |
| 2014 | 2 000 | 0,08 | 2015-08-10 | 2015-08-31 | 15 850 | 13% |
| Dividend amount (in thousands PLN) | Dividend per one share (PLN) | Dividend record date | Dividend payout date | Consolidated net profit of Pekabex Group (in thousands PLN) | Dividend as a % of consolidated net profit of Pekabex Group | |
| 2015 | 2 179 | 0,09 | 2016-08-15 | 2016-08-29 | 23 193 | 9% |