KGHM’s supervisory board has decided to postpone its official decision on dividend payment until next month. No date was disclosed for the next meeting. According to Polish daily Parkiet, KGHM’s supervisory board has not approved the decision of the management board, which was against a dividend payout.
Contrary to the decision of KGHM’s management, Poland’s state treasury ministry has stated that (55,4 PLN, -3,48%) will pay a dividend this year. We expect the management to try to reduce the amount of the payout and present acquisition plans before the next supervisory board meeting.