DIVIDEND DISTRIBUTION POLICY ADOPTED BY THE COMPANY
The Company has followed a policy of distributing a large amount without resorting to borrowing for this purpose and without jeopardising its sound financial position.
In relation to the dividend distribution policy, it is the Directors’ understanding that:
- the Company should maintain a financial structure compatible with the sustained growth of the Group, in its various business areas.
- the Company’s independence from the financial system depends on preserving, in the short, medium and long term, consolidated levels of borrowing which enable it to maintain sound levels of solvency.
Historic Perspective
| Financial Year | Payment Date |
Ex-dividend DATE |
Gross Dividend per share (EUROS) |
Share price (year end) |
Dividend Yield |
Total amount paid (million euros) |
| 2019 | 15/06/20 | 11/06/20 | 0.125 | 13.720 | 0.9% | 10.0 |
| 2018 | 29/04/19 | 25/04/19 | 0.512 | 13.100 | 3.9% | 41.3 |
| 2017 | 20/06/18 | 18/06/18 | 0.512 | 17.795 | 2.9% | 41.3 |
| 2016 | 07/06/17 | 05/06/17 | 0.450 | 13.400 | 3.4% | 36.3 |
| 2015 | 05/05/16 | 03/05/16 | 0.329 | 12.695 | 2.6% | 26.7 |
| 2014 | 13/05/15 | 11/05/15 | 0.375 | 10.025 | 11.2% | 39.9 |
| 29/12/15 | 24/12/15 | 0.750 | 61.2 | |||
| 2013 | 16/06/14 | 11/06/14 | 0.332 | 8.143 | 4.1% | 37.5 |
| 2012 | 14/06/13 | 11/06/13 | 0.255 | 5.690 | 4.5% | 28.8 |
| 2011 | 11/06/12 | 06/06/12 | 0.255 | 5.370 | 4.7% | 28.8 |
| 2010 | n.a.* | n.a. | 0.000* | 8.280 | 0.0%* | 0.0* |
| 2009 | 10/05/10 | 05/05/10 | 0.255 | 7.760 | 6.6%* | 29.5 |
| 10/12/10* | 07/12/10 | 0.255* | 29.5* | |||
| 2008 | 23/04/09 | 20/04/09 | 0.255 | 6.401 | 4.0% | 29.5 |
| 2007 | 09/04/08 | 04/04/08 | 0.255 | 8.770 | 2.9% | 29.5 |
| 2006 | 16/04/07 | 11/04/07 | 0.230 | 8.840 | 2.6% | 27.2 |
| 2005 | 27/04/06 | 24/04/06 | 0.420 | 6.810 | 6.2% | 49.7 |
| 2004 | 28/04/05 | 25/04/05 | 0.110 | 4.100 | 2.7% | 13.0 |
| 2003 | 13/05/04 | 10/05/04 | 0.100 | 3.600 | 2.8% | 11.8 |
| 2002 | 22/04/03 | 17/04/03 | 0.100 | 3.300 | 3.0% | 11.6 |
| 2001 | 26/04/02 | 23/04/02 | 0.100 | 4.740 | 2.1% | 11.6 |
| 2000 | 27/04/01 | 23/04/01 | 0.160 | 3.850 | 4.1% | 18.6 |
| 1999 | 26/04/00 | 18/04/00 | 0.180 | 3.434 | 5.2% | 21.1 |
| 1998 | 19/04/99 | 14/04/99 | 0.172 | 3.372 | 5.1% | 20.3 |
| 1997 | 21/04/98 | 16/04/98 | 0.160 | 4.474 | 3.6% | 18.9 |
| 1996 | 21/04/97 | 16/04/97 | 0.140 | 2.778 | 5.0% | 16.5 |
| 1995 | 22/05/96 | n.a. | 0.070 | 1.596 | 4.4% | 8.3 |
* On 10 December 2010 Semapa paid interim dividends and did not make any additional payment in 2011 related to the 2010 financial year