May 28, 2019 / 02:00PM GMT
Operator
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.
Zdenek ZábojnÃk - CEZ, a. s. - IR
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.
Jan BrožÃk - CEZ, a. s. - Executive Financial Director
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
CEZ as to Discuss Updated Dividend Policy of CEZ Group Conference Call Transcript
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