WARSAW (Reuters) - Poland’s biggest oil refiner, PKN Orlen, will stick to its dividend policy despite plans to take over smaller rival Lotos, PKN said on Tuesday.
“PKN Orlen’s dividend policy will be continued. In the long-term, the decision to consolidate will increase the company’s shareholder value,” PKN said.
PKN’s strategy assumes a systematic increase of its dividend per share ratio.
Reporting by Agnieszka Barteczko, editing by Louise Heavens