CEZ’s dividend record day is same as the day of AGM, which is scheduled on 23 April. Due to suspended settlement between 18 and 23 April, stock trades ex-dividend today.
CEZ’s management didn’t proposed any dividend for the moment but as the company announced last year its dividend policy of paying out between 40 to 50% of consolidated net income, we expect DPS of CZK
21 for FY2006. This implies 45% pay-out ratio and 2.2% dividend yield. Dividends will be approved at CEZ’s AGM, together with share buy-back program.