Dividend policy

The Executive Board decided on a new dividend policy. The previous dividend policy aimed at paying out a dividend of between 35-45% of the consolidated net result excluding major non-recurring effects. The new dividend policy of the Company aims at creating value in the long term. The objective of the dividend policy is to maintain a healthy financial structure and to retain sufficient earnings in order to execute Wessanen’s four pillar strategy. Wessanen aims at paying out a dividend that is stable or growing over time. Before deciding to pay out dividend, Wessanen will assess whether more value could be created by (i) investing profit in the execution of Wessanen’s strategy (such as investments in R&D, capex or acquisitions), (ii) improving Wessanen’s financial position (debt repayment), or (iii) improving the position of its shareholders (share repurchasing). Accordingly, it may be decided not to pay dividend or to pay a lower dividend in any year in the future.

In line with the new dividend policy, it is proposed to pay a dividend of EUR 0,12 per share representing 33,7% of the consolidated net result excluding major non-recurring effects divided by the number of shares outstanding at 31 December 2016.   The dividend will be paid wholly in cash. The shares will be quoted ex-dividend on 18 April 2017. Payment of the dividend will be made on 21 April 2017.

year

dividend
2015

€0.11

in cash

2014

€0.10

in cash

2013

€0.05

in cash

2012

€0.05

in cash

2011

€0.08

in cash

2010

€0.05 in cash / shares
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