dividend history & policy.

dividend history & policy

Given our primarily organically focused Tech & Touch strategy going forward, our strong balance sheet, and favorable FCF outlook in various economic scenarios, we will adjust our capital allocation strategy. This amendment will be twofold. First, we will change our dividend policy by implementing a conditional cash floor dividend of € 1.62 per share (based on the average dividend per share (DPS) of 2014, 2015 and 2016). This baseline dividend level will be maintained even when the general 40-50% payout ratio is temporarily exceeded, barring (1) seriously adverse economic conditions, (2) material strategic changes to the sector and (3) a material deterioration in our solvency & liquidity ratios. Second, we will introduce optional additional cash returns in the event of a leverage ratio below 1.0 through (1) a special dividend (preferred) or (2) share buybacks.

dividend 2018

In 2018, we further enhanced our financial position. Our business showed sustained growth throughout the year, and we improved our underlying earnings. The Annual General Meeting of shareholders adopted the proposal to pay an all-time-high cash dividend of € 3.38 per ordinary share for 2018, up 22% year-on-year. This consists of a regular dividend of € 2.27 (2017: € 2.07), representing a payout of 50% of the basic underlying EPS. In addition, we propose a special cash dividend of € 1.11 per ordinary share, given our year-end 2018 leverage ratio of 0.8. The ex-dividend date for the regular dividend will be March 28, 2019. The number of shares entitled to the regular dividend will be determined on March 29, 2019 (record date). The payment of the regular cash dividend will take place on April 2, 2019. The payment of the special cash dividend will take place on 2 October 2019. The ex-dividend date is 27 September 2019 and the record date is 30 September 2019.

The AGM also adopted the dividend payment on preference shares B and C of € 12.6 million.

dividend history

year dividend payout date dividend
(€ per share)
% stock dividend
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