The listed company announced this in a broadcast on Tuesday. According to the information, when and whether this additional instrument is used should be based primarily on the company’s level of indebtedness. However, according to OMV, the previous “progressive” dividend policy will not be changed.
In the event that the company’s debt ratio is below 30 percent and sufficient further funds are available, OMV intends to pay out an additional dividend to the shareholders in addition to the regular distribution. If the debt ratio is over 30 percent, the regular dividend will be retained, but no special dividend will flow, the statement said.
“This new tool will allow us to share our financial success with our shareholders while maintaining strategic flexibility for our growth plans,” said CEO Alfred Stern. The OMV Executive Board has already proposed a special dividend of EUR 2.25 per share for the 2022 financial year.
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