Orbis SA (WSE: ORB) will recommend to pay a dividend in the amount of PLN 69.11 mln, or PLN 1.50 per share from 2015 profit.

The proposed DPS puts the dividend yield as calculated against PLN 65.95 share price to 2.3%.

The rights will be established on July 18 and the payout will be made on August 3.

Orbis also paid a PLN 1.5 DPS from 2014 and 2013 profits.

Orbis Hotel Group is the leader of the hotel market in Poland. Orbis Group hotels operate under well-known global brands belonging to Accor Group: Sofitel, Novotel, Mercure, ibis, ibis Styles, ibis budget, as well as under the brand Orbis Hotels.