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MarketScreener Homepage  >  Equities  >  Euronext Amsterdam  >  Royal DSM N.V.    DSM   NL0000009827

ROYAL DSM N.V.

(DSM)
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Royal DSM : Final dividend 2019 Royal DSM

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05/08/2020 | 11:39am EDT

Heerlen, NL, 08 May 2020 17:31 CEST

The DSM Annual General Meeting of Shareholders passed a resolution on 8 May 2020 to declare a dividend for the financial year 2019 of €2.40 per ordinary share, an increase of €0.10 (about 4%) from the €2.30 paid for 2018. An interim dividend of €0.77 per ordinary share having been paid in August 2019, the final dividend thus amounts to €1.63 per ordinary share.

At the discretion of the shareholder, the final dividend will be made available in cash or, under the conditions set out below, in ordinary shares of DSM. The period in which this choice can be made is from 14 May 2020 to 27 May 2020 (15:00 CEST). To the extent the final dividend is paid out in shares, these shares will be primarily transferred out of the own shares DSM holds in stock. Should the total number of own shares not be sufficient, additional shares will be acquired. The stock dividend is paid from the tax-exempt share premium reserve and thus free from withholding tax in the Netherlands. Where shareholders have opted to receive their dividend in shares, the corresponding cash value of €1.63 per ordinary share will be deducted from the profit attributable to shareholders and added to the reserves. In order to avoid negative tax consequences for DSM, a maximum of 40% of the total dividend amount is available for stock dividend. If shareholders in total wish to receive in aggregate a distribution in shares which exceeds this maximum percentage of the total dividend, those shareholders who have opted for distribution in the form of shares will receive their stock dividend on a pro rata basis, with the remainder being distributed in cash.

The conversion rate of the stock dividend to that of the cash dividend will be determined on 28 May 2020 based on the Volume Weighted Average Price ('VWAP') of all DSM shares traded on Euronext Amsterdam ('Euronext') over a period of five trading days from 21 May 2020 up to and including 27 May 2020. The value of the stock dividend, based on this VWAP, will - subject to rounding - be equal to the cash dividend. There will be no trading in stock dividend rights.

The ex-dividend date will be 12 May 2020, the record date 13 May 2020 and the dividend will be payable as from 3 June 2020.

Timetable

Disclaimer

Koninklijke DSM NV published this content on 08 May 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 08 May 2020 15:38:03 UTC

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Financials
Sales 2020 8 884 M 10 047 M 10 047 M
Net income 2020 757 M 856 M 856 M
Net Debt 2020 2 151 M 2 433 M 2 433 M
P/E ratio 2020 28,6x
Yield 2020 1,99%
Capitalization 21 205 M 23 979 M 23 980 M
EV / Sales 2019
EV / Sales 2020 2,63x
Nbr of Employees 22 174
Free-Float 94,7%
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Mean consensus OUTPERFORM
Number of Analysts 26
Average target price 117,59 €
Last Close Price 124,90 €
Spread / Highest target 17,1%
Spread / Average Target -5,85%
Spread / Lowest Target -41,6%
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Managers
NameTitle
Dimitri de Vreeze Co-Chief Executive Officer & COO
Géraldine Matchett Co-Chief Executive Officer & CFO
Robert John Routs Chairman-Supervisory Board
Pauline F. M. van der Meer Mohr Deputy Chairman
Eileen A. Kennedy Member-Supervisory Board
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