People 2020 027 (2)

Dividends and share buyback

In 2020, we have returned around EUR 94 million to shareholders in the form of dividends and share buybacks. Marel’s dividend policy was first disclosed at Marel’s annual general meeting in March 2011. Over the past few years, the dividend payout ratio has been between 20-40%.

Dividend policy

  • Target of 2-3 times Net debt/EBITDA ratio
  • Excess capital used to stimulate growth and value creation, as well as paying dividends
  • Dividend or share buyback targeted at 20-40% of net profits

Dividend history

Please note that the information for each year relates to previous year of operations.

For
previous
year of
operations
2020 2019 2018 2017 2016 2015 2014* 2013
Dividend per share EUR cents 5.79 5.57 4.19 2.14 1.58 0.48 0.00 0.97
Dividend yield, %** 1.27% 2.0% 1.6% 1.0% 0.9% 0.5% - 1.2%
Payout ratio, %*** 40% 30% 30% 20% 20% 30% - 20%
Ex. Dividend date Mar 20 Mar 07 Mar 07 Mar 03 Mar 03 Mar 05 - Mar 07
Record date Mar 23 Mar 08 Mar 08 Mar 06 Mar 04 Mar 06 - Mar 11
Payment date Apr 08 Mar 27 Mar 27 Mar 23 Mar 23 Mar 27 - Apr 05

* No dividend was paid 2014 for the operational year 2013.
** Dividend yield, %: Dividend per share / Price per share at previous year-end
*** Payout Ratio: Total dividend paid / Net income of previous year


Helix Drum Formed Tenderloins

Withholding tax on dividends

Information for shareholders who are residents in Iceland, individuals and legal entities holding shares listed on Euronext Amsterdam and limited liability companies resident in the EEA, a state party to EFTA or in the Faroe Islands.


Processing Plant Services Spare Parts

Share buyback program

A share buyback program was initiated following authorization from the EGM on 22 November 2018 and renewed at Marel AGM on 18 March 2020. The main purpose of the program, valid for 18 months was to reduce the company’s share capital, where the shares purchased may also be used to meet the company’s obligations under share incentive programs with employees.

The share buyback program was discontinued on 6 June 2020.

For more information on the share buyback program, please refer to the most recent Annual Report and stock exchange announcements.

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