German consumer goods giant Henkel has announced that it will pay a 3.4% higher dividend per preferred share of €1.85 and a 3.4% increased dividend per ordinary share of €1.83.
The dividend payout ratio amounts to 30.9% of net income after non-controlling interests and adjusted for exceptional items.
A Record Payout
The total dividend payout amounts to €805 million, and is the highest ever paid by Henkel for both classes of shares.
The payout was approved during the company's Annual General Meeting, which was held in Düsseldorf on 8 April 8.
Since 2012, Henkel has distributed nearly €4 billion in dividends to its shareholders.
During this period, its dividend per preference share has almost doubled from €0.95 to €1.85.
© 2019 European Supermarket Magazine – your source for the latest retail news. Article by Dayeeta Das. Click subscribe to sign up to ESM: European Supermarket Magazine.