The higher dividend, to be voted on at an annual meeting on June 28, would amount to 25.8 billion crowns ($1.1 billion) rather than the 23.7 billion crowns proposed by the board. The state owns 70% of CEZ.
The proposal would also move the payment date by three months to Nov. 1 from Aug. 1 to give CEZ extra time to secure liquidity given high margin requirements on power exchanges in a volatile market, the ministry said.
($1 = 23.4760 Czech crowns)
Source: Economy - investing.com
