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Dividend

Dividend policy

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

Interim Dividend 2017

This interim dividend of € 0.58 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.

As more than 40% of the total interim dividend is requested by the shareholders to be paid out in shares, shareholders who have chosen to receive their interim dividend in shares will receive their stock dividend on a pro rata basis (see scaling down ratio), the remainder being paid out in cash after deducting 15% Dutch dividend withholding tax.

Announcement of exchange ratio

Scaling down ratio
Royal DSM announces that shareholders wish to receive a distribution in stock for 40.1750% of the total dividend. Given the maximum of 40% available for stock dividend, the shareholders who have opted for a distribution in stock will receive stock dividend on a pro-rata basis (0.995644057249533 = 40/40.1750 part), with the remainder being paid out in cash (less 15% dividend withholding tax).

Exchange ratio
The exchange ratio is 108.951 and is based on the volume weighted average price (VWAP) of all ordinary shares in DSM traded at Euronext on 14, 15, 16, 17, and 18 August 2017 (VWAP = EUR 63.1916).

Based on the VWAP, 1/108.951 share represents a value of EUR 0.58, which is virtually equal to the gross dividend in cash of EUR 0.58 per ordinary share.

Payment
Payment of the cash dividend on the ordinary shares and delivery of ordinary shares, with settlement of fractions in cash, if required, will take place as of 24 August 2017, based on the number of dividend rights delivered.

Paying agent: ABN AMRO Bank N.V., tel: +31 20 344 2000, fax: +31 20 628 8481, email.

Overview 2017 - 2012

For ordinary shares (in € ) 2017 2016 2015 2014 2013 2012
Interim dividend 0.58 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