dividend policy

Dividend

Dividend policy

Ordina applies a transparent dividend policy. We distribute, depending on the assessed size of the (current and expected) cash position, 40%-60% of the net profit in a financial year as dividend, on the premise that a healthy balance sheet for the continuity of the company is safeguarded and under the following conditions:

  • a solvency of at least 35% over the past year under review;
  • a historical net debt/EBITDA ratio for Q3 and Q4 lower than 1.25; and
  • a future net debt/EBITDA ratio of Q1 and Q2 lower than 1.25 (after payment of dividend).

Dividend history

2017
Net profit: EUR 3,110,000
Total dividends distributed (incl. dividend tax): EUR 1,865,000 (60%)
Dividend per share: EUR 0.02
Dividend policy: 40%-60% (EPS, under conditions)

2016
Net profit: EUR 5,038,000
Total dividends distributed (incl. dividend tax): EUR 1,865,000 (37%)
Dividend per share: EUR 0.02
Dividend policy: 35% (EPS, under conditions)

2015
Net loss: EUR 3,168,000
Total dividends distributed (incl. dividend tax): EUR 0.00 (0%)
Dividend per share: EUR 0,00
Dividend policy: 35% (EPS, under conditions)