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    DSM   NL0000009827

ROYAL DSM N.V.

(DSM)
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Royal DSM N : Final dividend 2020 Royal DSM

05/06/2021 | 11:37am EDT

Heerlen, NL, 06 May 2021 17:31 CEST

The DSM Annual General Meeting of Shareholders passed a resolution on 6 May 2021 to declare a dividend for the financial year 2020 of €2.40 per ordinary share, a stable dividend versus the €2.40 paid for 2019. An interim dividend of €0.80 per ordinary share having been paid in August 2020, the final dividend thus amounts to €1.60 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 12 May 2021 to 25 May 2021 (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 €1.60 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 26 May 2021 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 19 May 2021 up to and including 25 May 2021. 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 10 May 2021, the record date 11 May 2021 and the dividend will be payable as from 1 June 2021.

Timetable

Disclaimer

Koninklijke DSM NV published this content on 06 May 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 06 May 2021 15:36:01 UTC.


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Financials
Sales 2021 8 710 M 10 400 M 10 400 M
Net income 2021 910 M 1 087 M 1 087 M
Net Debt 2021 1 194 M 1 425 M 1 425 M
P/E ratio 2021 27,0x
Yield 2021 1,68%
Capitalization 26 625 M 31 701 M 31 791 M
EV / Sales 2021 3,19x
EV / Sales 2022 2,98x
Nbr of Employees 21 313
Free-Float 91,0%
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Mean consensus OUTPERFORM
Number of Analysts 25
Last Close Price 154,20 €
Average target price 153,52 €
Spread / Average Target -0,44%
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Managers and Directors
NameTitle
Dimitri de Vreeze Co-Chief Executive Officer & COO
GÚraldine Matchett Co-Chief Executive Officer & CFO
Thomas Leysen Chairman-Supervisory Board
Eileen A. Kennedy Member-Supervisory Board
Pradeep Pant Member-Supervisory Board
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