The GSM of Bank Handlowy will vote on the management board proposal of PLN 4.1 dividend of per share (compare to the market expectations of PLN 3.8 per share), which equals to a payout ratio of 86.3% and a dividend yield of 3.1%. Dividend record date is planned at July 5 and the dividend payment date at August 31. Our view: We expect this news to have slightly positive impact on the stock trading today.