German consumer goods company Henkel announced it will be paying a ‘record dividend’ to shareholders after holding its annual general meeting on Monday.
Thirteen-hundred shareholders attended the event, held in Düsseldorf. They approved a dividend per preferred share of €1.79, 10.5% higher than 2017, and a €1.77 dividend per ordinary share, a 10.6% increase on the previous year. These amounts are the highest ever paid by the company.
The company said that the dividend payout ratio equals 30.7% of net income, after non-controlling interests and adjusting for exceptional items. The sum of dividend payout amounts to roughly €780 million.
This comes after Henkel reported a 'slow start' in the first quarter of 2018 due to supply chain issues.
Supervisory Board Changes
During the AGM, Johann-Christoph Frey resigned his Supervisory Board seat and was voted in as a member of the Shareholders’ Committee. He replaces Boris Canessa, who resigned his seat on the committee and departed at the end of 30 April, 2017. Philipp Scholz will take over Frey’s seat.
© 2018 European Supermarket Magazine – your source for the latest retail news. Article by Karen Henderson. Click subscribe to sign up to ESM: The European Supermarket Magazine.
