– Shareholders will receive a dividend of 0.40 euro per share, giving an overall distribution of 61.5 million of euros in dividends
– Quarterly payments will be made of 0.10 euro per share
– The Group has paid out over 262 million of euros in dividends against the profits of the last three years, amounting to 1.70 euro per share
Madrid, 17 December 2009. At a meeting held today, the Ebro Puleva board resolved to propose an 11% increase in the dividend payable to its shareholders in 2010 against the 2009 profits. The Ebro Puleva shareholders will thus receive 0.40 euro, compared to 0.36 euro in 2009. A total sum of 61.5 million of euros will thus be distributed among the shareholders.
According to this proposal, to be laid before the shareholders at the next general meeting, the dividend will be distributed in four quarterly payments of 0.10 euro per share on the following dates: 5 April, 1 July, 1 October and 23 December 2010.
Based on the forecast net profit for year-end 2009, announced earlier by Ebro Puleva, the approved dividend per share represents a pay-out of almost 36%. The dividend yield at yesterday¿s closing price is 2.85%.
Ebro Puleva firmly committed to its shareholders
In the context of the current financial crisis, this increased dividend provides further evidence of the Group¿s efforts and undertaking to maintain an active shareholder return policy, sharing with them the excellent results achieved by the company in the past year. With today¿s board decision, the Group will have paid out more than 262 million of euros in dividends against the last three years¿ profits, amounting to ¿1.70 per share. The share price has also risen 43% since the beginning of the year.