Table of Contents Table of Contents
Previous Page  45 / 111 Next Page
Information
Show Menu
Previous Page 45 / 111 Next Page
Page Background

45

BME SHAREHOLDERS

Corporate Social Responsibility Report 2014

BME

2.6. SHAREHOLDER

REMUNERATION.

The security and transparency BME offers its share-

holders are just recompense for the trust and growth

expectations investors place in the company.

Shareholder remuneration during 2014, added to

payouts since the company was first listed, place

BME as a sector benchmark in terms of shareholder

returns. Against this backdrop, BME maintained

the high pay out ratio (96%) of previous years and

reaffirmed its status as one of the listed companies

which allocates the highest percentage of its profit to

dividend payments, one of the main sources of share-

holder remuneration.

2012

0.4

0.6

0.6

2013

2014

0.4

0.65

0.6

0.6

0.4

0.142 0.23

(1)

Extraordinary dividend

Reimbursement of contributions

First interim dividend

Second interim dividend

Final dividend

0.89

(2)

Ordinary and extraordinary dividends, by year of corresponding profits, and

reimbursement of

(1) In 2013, shareholders received €0.23 per share as reimbursement of contributions due to the capital

reduction approved at the General Shareholders’ Meeting of 30 April 2013.

(2) Pending approval by General Shareholders Meeting.

Under the company’s dividend policy, which it has

maintained since 2009, shareholders receive three

ordinary dividends (one final dividend and two interim

dividends charged against profit), in May, September

and December.