CEZ as to Discuss Updated Dividend Policy of CEZ Group Conference Call Transcript
Ladies and gentlemen, welcome to CEZ Group conference call. Today's speakers are Mr. BrožÃk, Director of Financing; Mr. Cyrani, Chief Sales and Strategy Officer. I'll now hand over to your host, Mr. ZábojnÃk. Sir, please go ahead.
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Thank you. Welcome, analysts, investors. I would like to introduce you to our new dividend policy and update of product strategy. Our first speaker will be Mr. BrožÃk, Chief -- oh, sorry, Director of Financing. Thank you.
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Hello. Good afternoon, everyone. As you can see on the first slide of the presentation, the Board of Directors of CEZ decided to update the dividend policy, which should be targeting a payout ratio of 100% to -- of 80% to 100%.
As we are reminded on Slide 2, this is a follow-up to the current dividend policy targeting 60% to 100% payout ratio, which has been adopted in 2017, and when we announced this relatively wide
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