intro dividend

Dividend

Dividend policy

Ordina maintains a transparent dividend policy. We pay 35% of the net profit as dividend under the following conditions:

  • Capital ratio of at least 35% over the previous book year;
  • the net debt/EBITDA ratio of Q3 and Q4 of the previous book year is less than 1.25;
  • the expected net debt/EBITDA ratio of Q1 and Q2 of the current year is less than 1.25 after payment of the dividend.

The basic premise is that a healthy balance sheet ratio is safeguarded to ensure the continuity of the company. A variable, additional dividend may be considered in the event of surplus cash.

Dividend history

2015
Net loss: EU 3.167.682
Total dividends distributed (incl. dividend tax): EUR 0.00 (0%)
Dividend per share: EUR 0,00
Dividend policy: 35% (of the earnings per share)

2014
Net profit: EU 1.012.342
Total dividends distributed (incl. dividend tax): EUR 0.00 (0%)
Dividend per share: EUR 0,00
Dividend policy: 35% (of the earnings per share)

2013
Net profit: EUR -64.968.613
Total dividends distributed (incl. dividend tax): EUR 0.00 (0%)
Dividend per share: EUR 0,00
Dividend policy: 25% (of the earnings per share)

2012
Net profit: EUR 450.541
Total dividends distributed (incl. dividend tax): EUR 0.00 (0%)
Dividend per share: EUR 0,00
Dividend policy: 25% (of the earnings per share)

2011
Net profit: EUR -15,823,041
Total dividends distributed (incl. dividend tax): EUR 0.00 (0%)
Dividend per share: EUR 0,00
Dividend policy: 25% (of the earnings per share)

2010
Net profit: EUR -6,958,000
Total dividends distributed (incl. dividend tax): EUR 0.00 (0%)
Dividend per share: EUR 0,00
Dividend policy: 25% (of the earnings per share)

2009
Net profit: EUR 180,000
Total dividends distributed (incl. dividend tax): EUR 0.00 (0%)
Dividend per share: EUR 0,00
Dividend policy: 25% (of the earnings per share)

2008
Net profit: EUR -81,134,000
Total dividends distributed (incl. dividend tax): EUR 0.00 (0%)
Dividend per share: EUR 0,00
Dividend policy: 25% (of the earnings per share)

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

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.  

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