dividend history & policy
Randstad's dividend policy is part of our overall capital allocation policy and consists of two elements. First, there is the ordinary cash dividend. We aim for a flexible payout ratio of 40% to 50% of net profit adjusted for amortization and impairment of acquisition-related intangible assets and goodwill, integration costs and one-offs.
In addition, we have set a conditional ordinary cash floor dividend of € 1.62 per share. This baseline dividend level will be maintained even when the 40-50% payout ratio is temporarily exceeded, barring (i) seriously adverse economic conditions, (ii) material strategic changes to the sector, and (iii) a material deterioration in our solvency and liquidity ratios.
Secondly, we have set discretionary additional returns to shareholders in the event of a leverage ratio below 1.0 (excluding lease liabilities) through either (i) a special cash dividend or (ii) share buybacks.
dividend history
year | dividend payment date | dividend (€ per share) |
% stock dividend | share buy back |
---|---|---|---|---|
2022 total (proposed) regular share buy back |
04 April 2023 |
2.85 2.85 |
~€ 400m over a period of 17 months, starting end of April 2023 |
2021 total regular special |
05 April 2022 04 October 2022 |
5.00 2.19 2.81 |
2020 total regular special |
06 April 2021 04 October 2021 |
3.24 1.62 1.62 |
||
2019 | ||||
2018 total regular special |
02 April 2019 02 October 2019 |
3.38 2.27 1.11 |
||
2017 total regular special |
05 April 2018 27 September 2018 |
2.76 2.07 0.69 |
||
2016 | 07 April 2017 | 1.89 | ||
2015 | 07 April 2016 | 1.68 | ||
2014 | 30 April 2015 | 1.29 | 64.9% | |
2013 | 02 May 2014 | 0.95 | 66.6% | |
2012 | 24 April 2013 | 1.25 | 61.1% | |
2011 | 19 April 2012 | 1.25 | ||
2010 | 21 April 2011 | 1.18 | ||
2009 | ||||
2008 | ||||
2007 | 28 May 2008 | 1.25 | ||
2006 | 29 May 2007 | 1.25 | ||
2005 | 31 May 2006 | 0.84 | ||
2004 | 02 June 2005 | 0.66 | ||
2003 | 08 June 2004 | 0.25 |