KRYNICA, Poland, Sept 10 (Reuters) - PGE, Poland's top utility, may pay an interim dividend from 2010 profit in early December, chief executive Tomasz Zadroga said on Friday.
Earlier this year, Poland's treasury, which owns 85 percent of PGE, said it might ask the company to pay an interim dividend in the second half.
PGE, which earned 1.5 billion zlotys ($483 million) in the first half, has said it would be able to make the payout even if it succeeded in buying smaller state sibling Energa.
Poland, which relies on dividend payouts from state companies to help plug a gaping budget hole, had pressed some companies to hand back more cash to shareholders than proposed by their managements.
PGE shares were down 0.6 percent in early afternoon trade, in line with the wider market.
(Reporting by Kuba Jaworowski; Writing by Adrian Krajewski; Editing by Dan Lalor)
($1 = 3.106 zlotys) Keywords: PGE/DIVIDEND (adrian.krajewski@thomsonreuters.com; +48 22 653 9709; Reuters Messaging: adrian.krajewski.thomsonreuters.com@reuters.net) COPYRIGHT Copyright Thomson Reuters 2010. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.
Earlier this year, Poland's treasury, which owns 85 percent of PGE, said it might ask the company to pay an interim dividend in the second half.
PGE, which earned 1.5 billion zlotys ($483 million) in the first half, has said it would be able to make the payout even if it succeeded in buying smaller state sibling Energa.
Poland, which relies on dividend payouts from state companies to help plug a gaping budget hole, had pressed some companies to hand back more cash to shareholders than proposed by their managements.
PGE shares were down 0.6 percent in early afternoon trade, in line with the wider market.
(Reporting by Kuba Jaworowski; Writing by Adrian Krajewski; Editing by Dan Lalor)
($1 = 3.106 zlotys) Keywords: PGE/DIVIDEND (adrian.krajewski@thomsonreuters.com; +48 22 653 9709; Reuters Messaging: adrian.krajewski.thomsonreuters.com@reuters.net) COPYRIGHT Copyright Thomson Reuters 2010. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.
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