Dividend
Dividend payment for financial year 2009
As a result of the strong decrease in the adjusted earnings of the K+S Group in 2009 and in line with our long-term dividend policy, K+S paid a dividend of € 0.20 per share for the year 2009 on 12 May 2010 (previous year: € 2.40 per share). This resulted in a total dividend payment of € 38.3 million which was paid from the accumulated profit of € 46.2 million available at the end of 2009 and in a dividend payout rate of 41 % which is within the payout corridor of 40 % to 50 % of the adjusted K+S Group earnings that we are in principle seeking to achieve.
At € 1.00, dividend proposal is significantly higher than previous year
We pursue a basically earnings-based dividend policy. With this measure, a dividend payout ratio of between 40 % and 50 % of the adjusted Group earnings forms the basis for the amount of the future dividend proposals to be determined by the Board of Executive Directors and the Supervisory Board.. The Board of Executive Directors will thus propose to the Annual General Meeting that a dividend of € 1.00 per share be paid for the past financial year following an upward adjustment for the significantly higher earnings.This corresponds to a dividend payout ratio of about 43%. With 191.4 million shares outstanding, this therefore results in a total dividend payment of € 191.4 million. Based on a share price of € 56.36 at the end of the year, the dividend proposal will lead to a dividend yield of 1.8 %.
| 2010 | 2009 | 2008 | 2007 | 2006 | |
|---|---|---|---|---|---|
| Dividend in euro | 1.00 | 0.20 | 2.40 | 0.50 | 0.50 |
| Closing price (XETRA) in euro (31.12.) 1) | 56.36 | 39.99 | 39.97 | 40.69 | 20.55 |
| Dividend yield in % 2) | 1.8 | 0.5 | 6.0 | 1.2 | 2.4 |
| Total dividend payment in € million | 191.4 | 38.3 | 396.0 | 82.5 | 82.5 |
| Distribution quota in % 3) | 43.0 | 40.9 | 40.4 | 47.1 | 46.8 |
1) The price of the K+S share since the capital increase in December 2009 has been traded ex subscription right. Historical values were not adjusted.
2) Refers to the closing price.
3) Refers to adjusted earnings after taxes; the figure for 2010 corresponds to the dividend proposal; the dividend yield is based on the year-end closing price.
1) The figure for 2010 corresponds to the dividend proposal; the dividend yield is based on the year-end closing price.
