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Dividend

Dividend policy

DSM’s policy is to provide a stable and preferably rising dividend to its shareholders.  

Final dividend 2016

The DSM Annual General Meeting of Shareholders on 3 May 2017 passed a resolution to declare a dividend for 2016 of €1.75 per ordinary share of €1.50 par value. An interim dividend of €0.55 per ordinary share having been paid on 25 August 2016, the final dividend for 2016 will amount to €1.20 per ordinary share.

This final dividend of €1.20 will be paid out in cash or in the form of ordinary shares at the option of the shareholder with a maximum of 40% of the total dividend amount available for stock dividend. If more than 40% of the total dividend is requested by the shareholders to be paid out in shares, those shareholders who have chosen to receive their dividend in shares will receive their stock dividend on a pro rata basis, the remainder being paid out in cash after deducting 15% dividend tax. Dividend in cash will be paid after deduction of 15% Dutch dividend withholding tax. The ex-dividend date on Euronext Amsterdam will be 5 May 2017 and the record date will be 8 May 2017.

Announcement of Exchange Ratio

Royal DSM announces that shareholders wish to receive a distribution in stock for 41.7428% of the total dividend. The shareholders who have opted for a distribution in stock will receive stock dividend on a pro-rata (0.958249087267744 = 40/41.7428 part) basis, with the remainder being paid out in cash (less 15% dividend withholding tax).

The Exchange Ratio of the final dividend financial year 2016 in shares has been determined. This will amount to 1 new ordinary share for every 55.281 existing ordinary shares. Based on the average weighted price of 16 May up to and including 22 May 2017 of €66.3373, 1/66.3373 the share represents a value of €1.20, which is virtually equal to the gross dividend in cash of €1.20 per ordinary share. Both the cash dividend and stock dividend will be made payable to shareholders on 26 May 2017.

For approximately 1,262,394 new ordinary shares, a request to admit the new shares for admission to trading on Euronext Amsterdam will be made pursuant to article 5:4 sub e of the Financial Markets Supervision Act (Wet op het financieel toezicht).

Overview 2016 - 2012

For ordinary shares (in € ) 2016 2015 2014 2013 2012
Interim dividend 0.55 0.55 0.55 0.50 0.48
Year-end dividend 1.20 1.10 1.10 1.15 1.02 
Total dividend 1.75 1.65 1.65 1.65 1.50 

For Serie A cumulative preference shares

         
Total dividend (x € million) 7 10 10 10  10

Return on Share