For the operational year 2021, Marel paid around EUR 39 million to shareholders in the form of dividends. Marel’s dividend policy was first disclosed at Marel’s annual general meeting in March 2011. Over the past few years, the dividend payout ratio has been between 20-40%. No treasury shares were purchased in 2021.
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Based on financial performance, Marel aims to use excess cash to stimulate growth and value creation as well as to pay an annual dividend or buy-back shares, in line with the Company’s targeted capital allocation. Dividend or share buy-back are targeted at 20-40% of net profits.
Please note that the information for each year relates to previous year of operations.
|
Year of payment |
2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 20141 | 2013 |
| Dividend per share EUR cents | 5.12 | 5.45 | 5.79 | 5.57 | 4.19 | 2.14 | 1.58 | 0.48 | 0.00 | 0.97 |
| Dividend yield, %2 | 0.86% | 1.09% | 1.27% | 2.0% | 1.6% | 1.0% | 0.9% | 0.5% | - | 1.2% |
| Payout ratio, %3 | 40% | 40% | 40% | 30% | 30% | 20% | 20% | 30% | - | 20% |
| Ex. Dividend date | Mar 18 | Mar 19 | Mar 20 | Mar 07 | Mar 07 | Mar 03 | Mar 03 | Mar 05 | - | Mar 07 |
| Record date | Mar 21 | Mar 22 | Mar 23 | Mar 08 | Mar 08 | Mar 06 | Mar 04 | Mar 06 | - | Mar 11 |
| Payment date | Mar 30 | Apr 07 | Apr 08 | Mar 27 | Mar 27 | Mar 23 | Mar 23 | Mar 27 | - | Apr 05 |
1 No dividend was paid 2014 for the operational year 2013.
2 Dividend yield, %: Dividend per share / Price per share at previous year-end
3 Payout Ratio: Total dividend paid / Net income of previous year
Withholding tax on dividends
Information for shareholders who are residents in Iceland, individuals and legal entities holding shares listed on Euronext Amsterdam and limited liability companies resident in the EEA, a state party to EFTA or in the Faroe Islands.
Share buyback program
Marel initiated a share buy-back program on Nasdaq Iceland 1 June 2022 and on Euronext Amsterdam 2 June 2022. The purpose of the share buy-back programs is to meet the Company's obligations under share incentive programs. Information on the share buy-back programs can be found on this page including press releases and detailed information on transactions.
| Transaction history in relation to share buyback programs | XLSX (0.2MB) |
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