Investors

Dividend policy

IMCD N.V.’s dividend policy targets to pay an annual dividend in the range of 25% to 35% of adjusted net income to be paid out in cash or shares, barring exceptional circumstances. Adjusted net income is defined as the reported result for the year plus non-cash amortisation charges (net of tax). The outcome could be adjusted for material non-recurring items.
Dividend history  2023 2022  2021 2020 *1 2019  2018  2017 2016 2015 2014
Number of shares issued at year end   56,987,858  56,987,858 56,987,858 56,987,858 52,592,254 52,592,254 52,592,254 52,592,254 52,592,254 50,000,000
Result for the year (in mln euro’s)  292.2  313.0 207.9 120.1 108.0 100.1 77.3  73.0 61.8 19.9
Cash earnings per share (weighted) *2  6.41  6.78 4.64 3.03 2.85 2.53 2.06  2.01 1.79 1.42
Dividend per share    2.24  2.37     1.62  1.02 0.90 0.80 0.62 0.55 0.44 0.20
Dividend (in mln euro’s)   127.7  135.1   92.3 58.1  47.3 42.1 32.6 28.9 23.1 10.0
Dividend in% of adjusted net income  35%  35%     35% 34%  32% 32% 30% 27% 25% 28%

*1-2. For definitions, reference is made to section 2 Alternative performance measures (APMs) of the appendices to IMCD’s 2023 Integrated Report.
*3. The 2023 dividend is still subject to approval by the 2024 AGM.