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Company notes: CEZ: Proposed dividend of CZK 42 and the optimization of the ownership structure

23/04/2026 16:14

Dividend

The CEZ Board of Directors is proposing to shareholders at the Annual General Meeting a dividend of CZK42 from last year’s profits. The proposal is in line with expectations and CEZ’s current dividend policy of paying out 60–80% of net profit. The dividend corresponds to a payout ratio of 80% and offers a gross yield of +3.5%.

In recent years, CEZ shares have traded for two more days after the AGM with dividend rights. This would suggest that the last day with dividend rights for 2025 will be Wednesday, June 3.

 

Restructuring

The agenda for the General Meeting will include an item regarding the company’s restructuring. CEZ is proposing the transfer of the customer segment to a new subsidiary under CEZ's control. The new company, expected to be named CSSC, will handle the distribution, sale, and trading of electricity and natural gas, as well as services and telecommunications. The transaction is expected to be completed by the end of the first quarter of 2027.

Autor: Bohumil Trampota
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