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).
A proposal will be made to the General Meeting of Shareholders to be held on 11 March 2016 to pay out an optional dividend of €0.18 per share. This proposed dividend implies a pay-out percentage of 22.8%. Shareholders will be given the choice of receiving the dividend in cash or in shares. They can choose between €0.18 cash or 1 new share for every 35 existing shares. This proposal was adopted by shareholders at shareholders' meeting of 11 March 2016. Click here for the content and implementation of the approved proposal.
SnowWorld's dividend policy provides for a pay out ratio of 30% to 50%. The intention is to increase the pay-out percentage next year.