Dividend
Corio pays a dividend at least once a year. The objective of Corio’s dividend policy is to at a minimum comply with the requirements imposed on FBIs and, except in special circumstances, to maintain the level of dividend and preferably increase it by the average rate of inflation in the Euro Area. In accordance with the Management Board’s recommendation, Corio’s Supervisory Board proposes that a dividend of € 2.65 per share, payable in cash or shares at the discretion of the shareholder, within the bounds set by Corio’s FBI status, be distributed for 2009 (2008: € 2.64 in cash or shares). This represents a pay-out ratio of approximately 93%. The dividend yield is thus 5.6% on the basis of the closing price on 31 December 2009 and 7.1% on the basis of the average price in 2009. The dividend proposal will be submitted to the AGM on 23 April 2010. The dividend will become payable on 20 May 2010.
Source: Annual Report 2009, Chapter Overview & Strategy, page 25 (PDF, 13.679 kB)
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