Dividend on ordinary shares

Koninklijke DSM N.V.

Dividend on ordinary shares Koninklijke DSM N.V.

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

Dividend per ordinary share over financial year (€)

Interim dividend 2020

The 2020 interim dividend of €0.80 per ordinary share was paid on 28 August 2020. This interim dividend represented about one third of the total dividend paid over the prior year. The ex-dividend date was 6 August 2020 and the record date was 7 August 2020.

The interim dividend was paid 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. Dividend in cash was paid after deduction of 15% Dutch dividend withholding tax.

As the % of shareholders that wished to receive stock dividend (33.6%) was below the 40% set as maximum for the stock dividend, no scaling down was required.

Exchange Ratio interim dividend 2020

The Exchange Ratio of the interim dividend 2020 in shares amounted to 1 new ordinary DSM share as stock dividend for every 164.1978 existing stock-entitled ordinary shares.

Based on the average weighted price of 17 August up to and including 21 August 2020 (VWAP) of €131.3582, 1/164.1978 share (with VWAP of €131.3582) which was virtually equal the gross dividend in cash of €0.80 per ordinary share.

Both the cash dividend and stock dividend were made payable to shareholders on 28 August 2020.

Final dividend 2019

On 8 May 2020 DSM’s Annual General Meeting of Shareholders passed a resolution to declare a dividend for the 2019 financial year of €2.40 per ordinary share, an increase of €0.10 (4%) on the €2.30 paid for 2018. An interim dividend of €0.77 per ordinary share was paid in August 2019, thus the final dividend is €1.63 per ordinary share. The ex-dividend date on Euronext Amsterdam was   12 May 2020 and the record date was 13 May 2020.

This final dividend of €1.63 was paid out in cash or in the form of ordinary shares at the option of the shareholder. Dividend in cash was paid after deduction of 15% Dutch dividend withholding tax. The stock dividend was paid out from DSM’s own treasury shares (obtained through its share repurchase program) and subject to the conditions as stated in the Notes to the AGM Agenda. 

As the % of shareholders that wished to receive stock dividend was below the 40% set as maximum for the stock dividend, no scaling down was required.

Exchange ratio final dividend 2019

The Exchange Ratio of the final dividend for 2019 in shares amounted to 1 new ordinary DSM share as stock dividend for every 69.6007 existing stock-entitled ordinary shares.

Based on the average weighted price of 21 May up to and including 27 May 2020 (VWAP= €113.4492),  1/69.6007 share (with VWAP of €113.4492) represented a value of €1.63, which was virtually equal to the gross dividend in cash of €1.63 per ordinary share.

Both the cash dividend and stock dividend were made payable to shareholders on 3 June 2020.

Interim dividend 2019

The 2019 interim dividend of €0.77 per ordinary share was paid on 26 August 2019. This interim dividend represented about one third of the total dividend paid over the prior year. The ex-dividend date was 5 August 2019 and the record date was 6 August 2019.

The interim dividend was paid 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. Dividend in cash was paid after deduction of 15% Dutch dividend withholding tax. 

As the % of shareholders that wished to receive stock dividend was below the 40% set as maximum for the stock dividend, no scaling down was required. 

Exchange ratio interim dividend 2019

The Exchange Ratio of the interim dividend 2019 in shares amounted to 1 new ordinary DSM share as stock-dividend for every 141.0879 existing stock-entitled ordinary shares. 

Based on the average weighted price of 14 August up to and including 20 August 2019 (VWAP = €108.6377), 1/141.0879 share (with VWAP of €108.6377) represented a value of €0.77, which was virtually equal to the gross dividend in cash of €0.77 per ordinary share.

Both the cash dividend and stock dividend were made payable to shareholders on 26 August 2019.

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