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