DIVIDENDS

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