Reuters reveals Czech finance ministry proposes beefed-up CEZ dividend

Reuters exclusively reported that the Czech Finance Ministry has proposed that state-controlled utility CEZ pay a dividend of 48 crowns per share this year, rather than the 44 crowns proposed by the company’s board. The higher dividend, to be voted on at an annual meeting on June 28, would amount to 25.8 billion crowns rather than the 23.7 billion crowns proposed by the board. The state owns 70% of CEZ.