Polish refiner PKN Orlen is buying an Austrian petrol station network.
PKN Orlen is the owner of Czech Unipetrol and has now bought Doppler Energie, expanding its retail activities into a seventh European market. Doppler operates the third largest network of petrol stations in Austria. The deal will give PKN Orlen 10 percent of the Austrian retail market. PKN Orlen aims to have 3,500 petrol stations by the end of the decade.
The dividend yield of this petrochemical giant is 8.5%, which is decent and I believe in its sustainability.
Are you following any other companies in the petrochemical industry? For me, PKN Orlen is an interesting company to include in my dividend portfolio.
I don't focus much on this sector, but I definitely plan to include at least one stock from this sector in my portfolio in the future.
So thank you for the tip.
For me, a great company, with a nice dividend yield. I also want to include it in my portfolio.
So great, it's true that the dividend here is really high.
Orlen is becoming a truly big European giant... :)
Exactly, that's why I would like to create a smaller position in Orlen. I just have a problem and can't find it on the brokers (Trading 212 doesn't have it). It seems to me that Polish stocks are offered by brokers similarly to Czech ones.
Yeah, it's bad with the Czech ones... I don't even know the best place to trade them. I know they were somehow good to buy through Air bank but that was a few years back.