Dividend policy and Total Shareholder Return
For several years, the dividend payout ratio of the EVN Group has hovered between 30% and about 40% of the Group net profit.
On the basis of this dividend policy, EVN aims to achieve a balance between growth investments in the sustainable development of the company and continuing dividends for shareholders on their invested capital which can be maintained even in the light of a temporary decline in earnings.
On January 19, 2012 a dividend of EUR 0.40 per share for the 2010/11 financial year was resolved by the
Annual General Meeting.
The resulting dividend yield of 3.8% in conjunction with the decline in value of the EVN share amounts to a total shareholder return of about –1.7% for the period under review. Since the IPO of the EVN share in 1989, the long-term average total shareholder return has been 8.4% per annum.
| Financial year |
Dividend1) |
Dividend payment |
| 2010/11 |
0,410 |
January 27, 2011 |
| 2009/10 |
0.400 |
January 28, 2011 |
| 2008/09 |
0.370 |
January 29, 2010 |
| 2007/08 |
0.370 |
January 27, 2009 |
| 2006/07 |
0.375 |
January 28, 2008 |
| 2005/06 |
0.350 |
January 29, 2007 |
| 2004/05 |
0.288 |
January 23, 2006 |
| 2003/04 |
0.238 |
January 28, 2005 |
| 2002/03 |
0.188 |
January 30, 2004 |
| 2001/02 |
0.188 |
January 29, 2003 |
| 2000/01 |
0.175 |
January 23, 2002 |
| 1999/00 |
0.183 |
January 23, 2001 |
| 1998/99 |
0.183 |
January 25, 2000 |
| 1997/98 |
0.183 |
February 1, 1999 |
| 1996/96 |
0.183 |
December 18, 1997 |
| 1995/96 |
0.153 |
December 17, 1996 |
| 1994/95 |
0.153 |
December 18, 1995 |
| 1993/94 |
0.140 |
December 19, 1994 |
| 1992/93 |
0.128 |
December 20, 1993 |
| 1991/92 |
0.115 |
December 14, 1992 |
| 1990/91 |
0.110 |
December 16, 1991 |
| 1989/90 |
0.103 |
December 3, 1990 |
1) in EUR; Dividend figures have been adapted in accordance with the stock split in the financial year 1990/91 in a ratio of 1:10, in 1999/00 in a ratio of 1:3 and in 2007/08 in a ratio of 1:4.