PKN Orlen’s shareholders shouldn’t hold their collective breath in hopes of collecting a divident this year, as Poland’s largest oil refiner has just proposed to allocate the dividends in supplementary capital. 2011 resulted in a PLN 1.39bn profit, but the state-owned company plans to retain this in the face of the current macroeconomic environment. Shareholders won’ be too suprised, though, as PKN Orlen has not paid any dividends since 2008.
