The proposed dividend policy was accepted at the General Meeting of Shareholders on 12 March 2015. This policy means that with effect of the 2014/2015 financial year SnowWorld N.V. will pay out a dividend payout ratio of approximately 30% to 50% of the result after tax. There is a possibility of proposing an optional dividend (cash dividend or stock dividend).
During the shareholders' meeting of 11 March 2016 the dividendproposal for 2014/2015 was adopted. Click here for the content and implementation of the approved proposal.
A proposal will be made to the General Meeting of Shareholders to be held on 17 March 2017 to pay out an optional dividend of €0.30 per share. This proposed dividend implies a pay-out percentage of 37.3%. Shareholders will be given the choice of receiving the dividend in cash or in shares. They can choose between €0.30 cash or 1 new share for every 25 existing shares.