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Evonik Plans to Raise Dividend for 2015 Considerably

Plans to increase the dividend by 15% to 1.15 euros per share.

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By: DAVID SAVASTANO

Contributing Editor, Coatings World and Ink World, Coatings World and Ink World Magazine

The Executive Board of Evonik Industries AG resolved – based on the provisional figures for 2015 – that it aims for a dividend for the last fiscal year in the amount of €1.15 per share. That would be an increase of 15% from the previous year’s dividend of €1.00 per share. Contingent upon the approval of the Supervisory Board, a corresponding dividend proposal would be made to the Annual Shareholders’ Meeting on May 18, 2016.
 
The Executive Board anticipates an adjusted EBITDA of around €2.4 billion for 2015, with sales of around €13.5 billion.
 
“It is already clear that we ended the past fiscal year successfully,” said Klaus Engel, chairman of the Executive Board. “We would like our shareholders to participate in that. Our intention of raising the dividend is also coupled with confidence that we can shape the new fiscal year successfully.”
 
Evonik has increased the dividend by an average of 9% per year over the past six years.

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