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).

The latest news about our dividend can be found in this press release.

Dividend history

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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