Czech power company CEZ AS (BAACEZ.PR) is going to propose a dividend payout of between 50% and 60% of net profit excluding non-recurring item, the company's chairman said Tuesday.
"As we said last year, we'll propose to pay out between 50% and 60% of net profit excluding exceptional (items)," Martin Roman said at a press conference.
CEZ is thus maintaining its dividend policy, unchanged from the year earlier.
The company posted 2008 full-year net profit of CZK46.51 billion ($2.10 billion)
Last year the company paid out CZK18 billion in dividends, its highest payout ever, from 2007's net profit of CZK41.56 billion.