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The PGNiG Group’s Strategy for 2014–2022  and the new PGNiG Group Strategy for 2017-2022 provides for the distribution of up to 50% of consolidated net profit as dividend, with the proviso that in recommending dividend payments the PGNiG Management Board must always take into account the PGNiG Group’s current financial standing and investment plans. PGNiG will recognise net profits of its subsidiaries in the consolidated financial statements net of any dividends paid by the subsidiaries, which may result in postponing the achievement of the planned level of dividend payments by one year.

Dividend paid
2015 2014 2013 2012 2011
Dividend for the financial year (PLNbn) 1.06 1.18 0.89 0.77
Dividend per share (PLN) 0.18 0.20 0.15 0.13
Average annual stock price (PLN) 5.94 4.85 5.83 4.06 3.97
Dividend yield 3.03% 4.12% 2.57% 3.20%