Top Polish dividend stocks for 2025-2026
Investors often unfairly overlook shares of Polish companies, preferring issuers from countries with larger economies – and completely in vain.
Poland has significantly improved its macroeconomic indicators over the past few years and is now ranked 20th in the world by GDP.
The economy is growing steadily, inflation is steadily declining, and the corporate sector is showing strong financial results.
Against this backdrop of stability, shares of Polish companies are becoming an excellent tool for receiving high dividends and potential capital growth.
Today, we'll look at three Polish companies that you can confidently add to your investment portfolio to significantly boost its returns.
Bank Pekao - a stable portfolio foundation
Bank Pekao is one of the largest and most resilient banks in Poland. In 2025, the bank's financial performance continued to improve: net profit increased, return on equity (ROE) remained among the best in the sector, and the cost-effectiveness ratio (C/I) decreased thanks to cost control.
In 2025, shareholders received PLN 18.36 in dividends, representing a yield of approximately 9.3%—one of the best among European banks. Pekao has maintained a generous dividend policy for many years and regularly distributes a significant portion of its profits to investors.
Outlook: Stable banking indicators, lending growth, and moderate interest rates create conditions for further share price appreciation. Pekao is a reliable anchor for a long-term dividend portfolio.
PZU is a reliable insurance giant.
PZU remains the largest insurance group in Poland and one of the most predictable and stable dividend payers on the GPW. The company demonstrates high profitability, good growth in insurance premiums, and strong operating cash flow.
In 2025, PZU paid 4.47 zł in dividends, providing a yield of approximately 7%. The company has been among the largest dividend issuers on the Polish market for many years, and the regularity of its payments makes the stock attractive to investors who value stability.
Outlook: The insurance market is growing alongside the economy, and PZU is strengthening its position by expanding its product lines and strengthening its integration with the banking sector. The shares offer the potential for smooth capital growth coupled with high dividend reliability.
Orlen - a high-yield energy leader
Orlen is Poland's largest oil, gas, and energy group. Although the company's financial performance is more volatile due to its dependence on global oil prices and refining margins, Orlen remains one of the most profitable corporate players in the region.
In 2025, the company paid out 6.00 zł in dividends, yielding approximately 8%. Despite the cyclical nature of the industry, Orlen maintains strong cash flow, is reducing its debt burden, and is actively investing in energy and gas projects.
Outlook: Given a favorable commodity market environment, Orlen shares have the potential to grow, and regular dividends make the company an attractive part of a profitable portfolio.
Conclusion: Polish dividend portfolio – yield above the market. The combination of Bank Pekao, PZU, and Orlen creates a balanced and reliable dividend portfolio that includes:
- stability of the banking sector,
- stable payments of the insurance group,
- high profitability of the energy company.
The average dividend yield of such a portfolio is 7–8% per annum, which is much higher than the interest on deposits in Polish zlotys.
Against the backdrop of declining inflation, growing GDP, and improving financial performance of Polish corporations, the Polish market clearly deserves the attention of investors in 2025–2026.
