Dividend policy

Dividend policy

Ordina applies a transparent dividend policy. We distribute, depending on the assessed size of the (current and expected) cash position, 40%-60% of the net profit in a financial year as dividend, on the premise that a healthy balance sheet for the continuity of the company is safeguarded and under the following conditions:

  • a solvency of at least 35% over the past year under review;
  • a historical net debt/EBITDA ratio for Q3 and Q4 lower than 1.25; and
  • a future net debt / EBITDA ratio of Q1 and Q2 lower than 1.25 (after payment of dividend).

Dividend history

2020
Net profit: EUR 22,290,000
Total dividends distributed (incl. dividend tax): EUR 22,290,000 (100%)
Dividend per share: EUR 0.239
Dividend policy: 40% – 60% (EPS, under conditions)

2019
Net profit: EUR 14,875,000
Total dividends distributed (incl. dividend tax): EUR 8,859,000 (60%)
Dividend per share: EUR 0.95
Dividend policy: 40% – 60% (EPS, under conditions)

2018
Net profit: EUR 6,873,000
Total dividends distributed (incl. dividend tax): EUR 4,663,000 (68%)
Dividend per share: EUR 0.05
Dividend policy: 40% – 60% (EPS, under conditions)

2017
Net profit: EUR 3,110,000
Total dividends distributed (incl. dividend tax): EUR 1,865,000 (60%)
Dividend per share: EUR 0.02
Dividend policy: 40%-65% (EPS, under conditions)

2016
Net profit: EUR 5,038,000
Total dividends distributed (incl. dividend tax): EUR 1,865,000 (37%)
Dividend per share: EUR 0.02
Dividend policy: 35% (EPS, under conditions)

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