Dividend

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Dividend policy

Ordina maintains a transparent dividend policy. 25% of the net profit is distributed as a dividend. The remaining 75% is added to the Group’s Equity. Ordina’s further growth can then be funded from the retained earnings.

Now that Ordina has had to report a loss for 2008, no profit appropriation proposal will be presented to the Annual General Meeting of Shareholders. This is a direct result of the provisions for profit appropriation in the Articles of Association, as well as being in keeping with the prevailing dividend policy.

Applying the dividend policy as it stands, would have lead to a lower dividend being paid in 2006 than the dividend paid in 2005. At the General Meeting of Shareholders, the decision was made to raise the payout ratio on this one occasion, after the Board of Directors made a suggestion to this effect.  

Dividend history

2007
Net Profit: EUR 30,393,648
Total dividends distributed (incl. dividend tax): EUR 8,250,399 (27%)
Dividend per share: EUR 0,20
Dividend policy: 25% (of the earnings per share)

2006
Net Profit: EUR 25,827,972
Total dividends distributed (incl. dividend tax): EUR 8,209,950 (32%)
Dividend per share: EUR 0,20

2005
Net profit: EUR 28,936,050
Total dividends distributed (incl. dividend tax): EUR 7,504,842 (26%)
Dividend per share: EUR 0,20

2004
Net profit: EUR 14,601,534
Total dividends distributed (incl. dividend tax): EUR 3,686,453 (25%)
Dividend per share: EUR 0,10