According to an official announcement of Bank Pekao, the management of the bank has proposed a dividend of PLN 7.4 per share (a payout ratio of 80%), equating to a dividend yield of 4.13%. This will be voted on at the AGM to be held on May 4. The ex-date that has been proposed is May 19 and the dividend day would be paid on June 2. Last year, the bank paid a dividend of PLN 6.4 per share (a payout ratio of 79.3%). Although the dividend proposal is in line with management's previous guidance, we may still see a positive trading impact.