Dividend/Shareholder remuneration

Dividend development

Dividend 2017

2016 ordinary dividend +30% yoy:
  • EUR 2.60 per share vs 2015 EUR 2.00
  • Total dividend payment for 2016 of EUR 167m
  • Total shareholder remuneration in 2016 of 57% based on dividend paid in 2016 and share price increase during year
  • Payout of about 50% of earnings
Share buy-backs and cancellations in 2016 at HOT & CIM
  • Buy-back of almost 1m HOT shares (EUR 80m, avg. acquisition price EUR 83.4 / share) concluded March 2016
  • 7.2% HOT Treasury stock (av. Acquisition price EUR 73.4 / share) cancelled Sep 2016
  • 4.2% CIM shares bought back (avg. acquisition price AUD 29.89/share) and cancelled
Long term growth
  • Dividend CAGR of 27% since dividend reinstated in May 2013 (2012 Dividend)
  • Plan to maintain payout of about 50%