Dividends and dividend policy
Dividend policy
Orion’s dividend distribution takes into account the distributable funds and the capital expenditure and other financial requirements in the medium and long term to achieve the financial objectives.
Dividend distribution
|
2007 |
2008 |
2009 |
2010 |
2011 |
|
Dividend per share, EUR |
1.00 |
0.95 |
1.00 |
1.20 |
1.301) |
|
Total dividend, EUR million |
141.3 |
133.9 |
141.0 |
168.9 |
183.1 |
|
Payout ratio, % |
98.0% |
97.9% |
93.5% |
91.6% |
87.2% |
|
Repayment of capital per share, EUR |
- |
- |
0.10 |
0.06 |
0.121) |
|
Record date for dividend payment |
28 March 2008 |
26 March 2009 |
29 March 2010 |
5 April 2011 |
23 March 2012 |
|
Dividend payment date |
4 April
2008 |
2 April
2009 |
7 April
2010 |
12 April 2011 |
4 April 2012 |
1) The Board proposes that the dividend for 2011 be EUR 1.30 per share and that
EUR 0.12 per share be distributed as a repayment of capital.
Payment of dividend
The dividend shall be paid to the Orion Corporation shareholders registered in the shareholder register maintained by Euroclear Finland on the record date for dividend payment. No dividend shall be paid on treasury shares held by the Company on the dividend payment record date.
Shareholders that have not transferred their shares to the book-entry system by the record date for dividend payment shall receive the dividend payment only after their shares have been transferred to the book-entry system.
Updated
Jul 20th 2010