Czech power company CEZ AS (BAACEZ.PR) Wednesday said that its board of directors will propose - as expected - a dividend of 50 koruna ($2.5) a share on its 2008 net profit.
The dividend payout equals roughly 56% of net profit, which is in line with CEZ's policy to pay between 50% and 60% of net profit as dividends.
Shareholders will vote on the proposal at the company's May 13 general meeting.
CEZ paid a dividend of CZK40 a share on its 2007 earnings.