ČEZ to pay shareholders a dividend of CZK 42 per share, distribute CZK 23bn in total

Energy company ČEZ will pay its shareholders a dividend from last year's adjusted profit of CZK 42 per share. It will distribute a total of CZK 23bn among shareholders, with the state, as the majority shareholder, receiving around CZK 16bn. This was decided by the group's general meeting today, which approved ČEZ's board proposal. The dividend amounts to 80 percent of the company's adjusted profit for last year.

This year, the general meeting approved ČEZ's board proposal, which was at the upper end of ČEZ's current dividend payout ratio. This stands at 60 to 80 percent of adjusted profit. ČEZ paid the same proportion last year. In 2023, by contrast, shareholders approved a counterproposal from the Finance Ministry to pay out 100 percent of adjusted profit. This year, the ministry, which represents the state in its role as shareholder, did not submit its own counterproposal. The dividend will be payable from 3 August, in the usual timeframe.