AkzoNobel’s dividend policy is to pay a stable to rising dividend each year, following our expected growth in cash generation. Cash dividend is default, stock dividend is optional.
Total proposed dividend of €1.45 per share
The Board of Management proposes a total dividend of €1.45 per common share. AkzoNobel’s shares will be trading ex-dividend as of April 30, 2013. In compliance with the listing requirements of Euronext Amsterdam, the record date will be May 3, 2013. The final dividend as proposed to the 2013 Annual General Meeting of shareholders will be payable as of May 29, 2013. The dividend paid over the last five years is shown in the graph on this page.
Dividend paid in € per share
Announcement of exchange ratio
Akzo Nobel N.V. announces that the exchange ratio of the final dividend financial year 2012 in shares has been determined. This will amount to 1 new ordinary share for every 43.9990 existing ordinary shares. Based on the average weighted price of 17 May up to and including 23 May 2013 of EUR 49.2789, 1/43.9990 the share represents a value of EUR 1.12, which is virtually equal to the gross dividend in cash of EUR 1.12 per ordinary share. Both the cash dividend and stock dividend will be made payable to shareholders on 29 May 2013.
For approximately 2,245,740 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).