Solvac S.A. Declares First and Second Interim Dividend for the Year 2023, Payable on August 24, 2023 and December 29, 2023 Respectively
The second interim dividend which will be decided by the Board, will be released on December 14, 2023 and will be paid on December 29, 2023. With an unchanged dividend policy, Solvay's interim dividend which would be decided in November should increase following the increase of ?0.20 gross per share in Solvay's total ex-22 dividend. In line with its policy of distributing substantially all of Solvay's dividends after deducting its costs and financial charges, the Board of Directors is expected to decide in December to increase the total dividend for the 2023 financial year to ?5.81 gross per share. Such a distribution would result in a cash outflow in 2023 of ?124.2 million. The second interim payment should therefore amount to ?2.46 gross per share, i.e. ?1.722 net per share (after deduction of the withholding tax of 30%).