Dividend
The dividend policy of Tessenderlo Chemie NV is to maintain stable dividend growth. On average, one-third of the net consolidated profit is paid out as dividends. However, this policy can be adjusted in order to ensure that the dividend grows or at least remains stable.
On 7 June 2011, the Annual General Meeting approved a gross dividend for the 2010 financial year of 1.3333 EUR (coupon n°74). This corresponds to a net dividend of 1.00 EUR. The net dividend for shares with VVPR strips attached will be 1.1333 EUR.
On 6 June 2011, the Board of Directors of Tessenderlo Chemie has decided to offer to shareholders a choice of payment for the dividend related to the financial year 2010. The choices are as follows:
The possibility to subscribe to newly created ordinary shares of Tessenderlo Chemie;
Payment in cash;
Or a combination of both new ordinary shares and cash
The dividend in cash, new shares or a combination of both is payable as of 18 July 2011.
For further information, please click on the following links :
Gross and Net Dividend
Dividend / Profit (Pay out ratio)
*As a loss was recorded for 2006 and 2009, the ratio cannot be calculated.
