Dividend companies from the Warsaw Stock Exchange – ranking of long-term dividend payers [Guide]

Dividend companies from the WSE They can boast impressive payout histories, but true aristocrats are few among them. It's much easier to find representatives of the impoverished nobility. For many investors, however, these companies are the foundation of a long-term portfolio—they provide stability, regular income, and a semblance of financial independence.

In this article you will learn:

• What are the characteristics of dividend aristocrats?
• How many WSE-listed companies have been paying dividends for over 20 years?
• Which WSE-listed companies are constantly increasing their payout amounts?
• Which companies beat the dividend rate and the deposit interest rate?
• Which WSE company is a true dividend aristocrat?

Dividend aristocrats – a recipe for sure profit?

Dividend This is an extremely pleasant thing. Once a year (or once a quarter), money is deposited into an investor's brokerage account, paid from the profits of the company whose securities they hold in their portfolio. Of course, the General Meeting of Shareholders, after a positive recommendation from the management board, must decide on the distribution of profits and the distribution of a portion of them to shareholders.

The first dividend paid by a publicly traded company went to investors in the 17th century. Dutch East India Company (Vereenigde Oostindische Compagnie), founded in 1602, is still considered the first true public joint-stock company to become a dividend-paying company. Previously, profits were also distributed among corporate shareholders, but most often they reached them in the form of goods (produced by the company) or equity securities.

Currently, there are many stock exchanges around the world that can be listed several thousand dividend companies – that is, regularly sharing profits with shareholders (there are approximately 40,000 companies listed on the stock exchanges). American companies have a special position, history, and achievements in the matter of dividend payments. An index has been operating on Wall Street for many years. S & P 500 Dividend Aristocrats grouping companies from the S&P 500 index that not only pay out, but also increase the amount of dividends per share for at least 25 years in a row! (Another condition is a free float capitalization of at least USD 3 billion and an average daily share trading value of at least USD 5 million).

READ: Dividend Aristocrats - buy, keep and earn [Guide]

Dividend companies from the Warsaw Stock Exchange – is there a lot to choose from?

Is on Warsaw Stock Exchange Will we find dividend aristocrats like those in the US? We'll find similar, but less noble ones who, while they can't boast of increasing dividends for over 25 years, still have considerable achievements. Their number is not large. Currently, the main market in Warsaw lists 14 companies that have been paying dividends continuously for at least 20 years Some of these companies are even trying to increase the amounts they pay out in dividends – like true American dividend aristocrats.

The company that has been paying dividends the longest, continuously for 30 years, is the tire company. Debica. Not much inferior to her Apator – a company producing measurement devices and systems has been sharing profits continuously for 28 years. Third place is shared by Steel profile (profile manufacturer) and PHS Hydrotor (the company specializes in the design and production of modern power hydraulics solutions) – these companies have been paying dividends continuously for 26 years. The group of 5 companies listed on the Warsaw Stock Exchange with the longest profit distribution is also included Kety, focusing mainly on the production and sale of aluminum profiles and components – it has a dividend history of 23 years.

And the remaining 9 companies? They have been paying dividends continuously for 22 years: Bank pecao (bank), Mint of Poland (mint and developer), ATM Group (producer of series and entertainment programs) and snowball (manufacturer of paints and varnishes). For 21 years, the owner of the pharmacy chain has been sharing profits with shareholders. Neuca (currently a large healthcare conglomerate), and for 20 years this has been done by companies such as: House Development (developer), Asseco Poland (IT company), Amber (alcohol producer) and Steel product (producer of highly processed steel products).

Which companies deserve special attention??

Certainly the five with the longest history of uninterrupted payouts. However, you can also look at this group from the perspective of increase in paymentsAnd here's where it gets interesting, because this selected group doesn't overlap with the veterans. Of the top five longest-paying dividends, only Kety At the same time, they are continuously increasing payout amounts over the long term. Therefore, Grupa Kęty is the only company on the Warsaw Stock Exchange that truly approaches the standards of American dividend aristocrats. Payout amounts for this company have grown from PLN 1 in 2002, to around PLN 4-6 in 2009-12, to several dozen zlotys today. This year, Kęty paid PLN 55,46 per share, which meant a dividend yield of 6%. However, the company's historically highest dividend was paid in 2023 (PLN 62,50).

Among the other companies that have been increasing the amount of dividends paid for at least 20 years, we can find: House DevelopmentOne of Poland's largest housing developers increased its dividend from around PLN 0,15 in 2007 to PLN 13 in 2025. It announced an interim payment of PLN 7 per share for next year, but its financial results suggest a higher payout than this year.

Another issuer with an impressive dividend history is NeucaThis large pharmaceutical distributor increased its dividend payments from approximately PLN 1 in 2005 to PLN 16 in 2025. The company's dividend yield is relatively low, but it also rewards shareholders with share buybacks. Neuca's management announced that it plans to increase dividends by 10%–15% annually in the coming years, provided operating results allow.

It is also worth paying attention to the group Asseco PolandThis is an extremely stable company, a leader in IT solutions in Central Europe, providing software and IT solutions for business, finance, and public administration. Asseco Poland gradually increased its dividends from PLN 0,40–0,64 in the 2000s to PLN 3,94 in 2025. However, the IT giant failed to impress with its dividend yield this year, which was a mere 2,11%, lower than the interest rate on a bank deposit. This year, the best promotional bank deposits are offering interest rates of around 5,5%, while standard deposits are 4–5,2%.

Which companies beat bank deposits in terms of dividend yield?

And here we come to another issue that is extremely important for an investor who is "hunting" for dividend-paying companies. dividend rateDividend yield is a financial indicator that shows how much of a company's share price is represented by dividends paid annually. Simply put, it measures the profitability of a stock investment based solely on cash payments (dividends).

This indicator is crucial for investors focused on passive incomeThe dividend yield tells them what percentage of their investment will return to them in cash within a year, regardless of the share price. The dividend yield allows for an easy comparison of the attractiveness of different companies' shares in terms of dividend payouts. Calculating it is ridiculously simple: if a share of company A costs PLN 100 and pays PLN 5 in dividends, this means the dividend yield is 5%.

Is it true that the higher the dividend yield, the better? Not necessarily. A very high dividend yield can be a warning signal, because when the market predicts upcoming problems of the company and a decline in the dividend in the future, investors may sell off shares, and when their price falls, the dividend rate increases.

Generally, however, if a company is in good financial condition and its share price is in a sideways or upward trend, it is assumed that the higher the dividend yield, the betterA reasonable dividend yield should be significantly (ideally by a few percentage points) higher than the interest rate. bank deposit, because an investor takes on a much greater risk by investing capital in shares than by placing it in a bank deposit. Therefore, they must expect a correspondingly higher premium for this risk, compared to a safer deposit.

It is therefore worth taking a look at the average dividend rate offered in the last 5 years by companies listed on the Warsaw Stock Exchange that have been paying dividends continuously for 20 years and increasing the amounts of payments, i.e. these are already selected companies Kęty, Dom Development, Asseco Poland and NeucaThese are the companies that come closest to the American ideal of the "dividend aristocrat."

What does it turn out to be?

By far the highest dividend rate in the last 5 years was offered by the group Kęty – 7,48%. Meanwhile, the approximate average rate deposit interest rate for the last 5 years it amounted to approximately 2,5% - 3,0% (it should be remembered that there were periods when banks offered promotional deposits at a level of even 8% per annum). In any case, only Kęty has definitely beaten the bank deposit in the last 5 years, because the average dividend rate in the case of Asseco Poland haughty 3,9%., in case of House Development haughty 3,2%. and in the case of a company Neuca hardly 1,72%..

So let's look for "dividend yield aristocrats" among our 14 selected companies with a payout history spanning at least 20 years. It turns out there wasn't a company among them that beat Kęty. The closest was Bank pecao, which can boast an average rate 6,65%. for the last 5 years. The average dividend rate was significantly above the average deposit interest rate. Debica (5,81%), ATM Group (5,71%) and Steel profile (5,25%). The deposit yielded slightly more than the average Amber (4,1%)The rest of the companies, unfortunately, did not achieve an average dividend yield above the average interest rate on a bank deposit.

Where to buy dividend companies from the WSE?

A growing number of brokers offer access to a broad market and a vast number of equity instruments, including access to the Polish stock exchange. These are companies with a long tradition and stable financial situation, ideal for building a long-term portfolio.

For example on XTB Today we can find over 11 equity instruments and 400 ETFs, Saxo Bank over 19 companies and 000 ETF funds, incl Exante as many as 50 shares and 000 ETFs.

Broker
Country	Poland	Denmark	Cyprus
Number of exchanges on offer	16 exchanges	37 exchanges	50 exchanges
Number of shares in the offer	approx. 7000 - shares circa 2200 - CFDs on shares	19 - shares 8 - CFDs on shares	50 - shares
The amount of ETF on offer	approx. 1700 - ETF approx. 200 - CFD on ETF	3000 - ETF 675 - CFD on ETF	10 - ETF
Commission	0% commission up to EUR 100 turnover / month	according to the price list + 250 EUR discount from Forex Club	according to the price list
Min. Deposit	0 PLN (recommended min. PLN 2000 or USD 500, EUR)	0 PLN / 0 EUR / 0 USD	10 000 EUR
Tool	xStation	SaxoTrader	Exante platform
	REVIEW	REVIEW	REVIEW
	CREATE AN ACCOUNT	CREATE AN ACCOUNT	CREATE AN ACCOUNT

CFDs are complex instruments and involve a high risk of a quick loss of cash due to leverage. 69-80% of retail investor accounts lose money when trading CFDs with this CFD provider. Consider whether you understand how CFDs work and whether you can afford the high risk of losing your money.

Investing is risky and you may lose some or all of your invested capital. The information provided is for informational and educational purposes only and does not constitute any type of financial advice or investment recommendation.

The only true dividend aristocrat from the Warsaw Stock Exchange

summarizing, currently there are 303 companies listed on the main market of the WSE, and only 14 of them have been paying dividends continuously for over 20 years, i.e. only 4,62%Even fewer, as only four, consistently increase the amounts of dividends paid over the long term. And only one of these four companies has boasted an average dividend yield significantly higher than the average interest rate on a bank deposit over the last five years – and that was Kęty group, which is probably the only one that deserves to be called a real one dividend aristocrat listed on the main market in Warsaw. And such dividend nobility – the WSE's golota, meaning companies worthy of attention, but not impressive as dividend payers – include Bank Pekao, Dębica, Asseco Poland, Dom Development, and Neuca.

Finally, one more important note. Remember that each investing involves risk – including dividend investing. The past financial performance of dividend-paying companies, their payout history, and the history of dividend yields – all of this won't necessarily be repeated in the future. However, dividend-paying companies typically perform well even during economic downturns, due to the nature of their business and their size. And because they regularly distribute profits, investors have an additional incentive to buy their shares when the stock market is not doing well and there's a bear market. Therefore, for investors with a profile slightly conservative Investing in dividend stocks is a really interesting option to consider.