Increases transparency, enhances predictability, and thereby supports the execution of Strategy 2030+.
A key component of the new strategy is the revised dividend policy. The Executive Board's annual dividend proposal to the Annual General Meeting will be calculated as follows in future:
- 30% of earnings per share (EPS), provided that the leverage ratio (calculated as net financial debt/EBITDA) does not exceed 2.0 (after dividend payment)
- In any case, a minimum dividend of EUR 0.40 per share.
Additional distributions and/or share buy-backs are possible in the event of exceptionally good earnings and a leverage ratio within target range (net financial debt/EBITDA less than 2 after dividend payment).
Find more about voestalpine's Capital Allocation Priorities here