The Management Board of Develia recommends a dividend payment for 2021 in the amount of PLN 117.6 million. The remaining part of the net profit for the previous year in the amount of PLN 40.3 million would be allocated to supplementary capital. The recommendation also provides for the payment of PLN 83.8 million to shareholders from the reserve capital created from the profit from 2019, intended for the payment of dividends and advance payments for dividends. In total, the proposed payment will be PLN 0.45 per share.
The date of establishing the right to dividend proposed by the management board is May 24, 2022. The payment would be made on May 31 this year.
“The distribution of profit for 2021 recommended by us is in line with the dividend policy, which provides for payments of up to 75%. profit. At the same time, as previously announced, we would like to share some of the proceeds from the sale of commercial assets with investors. The recent sale of Sky Tower gives us such an opportunity. Following our goal of growing faster than the market in the residential segment, we would like to leave the remaining profit in the company and allocate it to investments,” says Andrzej Ośli-zło, president of Develia.
The final decision on the distribution of the net profit for 2021 and the amount of the dividend will be made by the ordinary general meeting of Develia.
In 2021, Develia paid PLN 76.1 million in dividends from the profit for 2020, i.e. PLN 0.17 per share
