Dividend on ordinary shares

Koninklijke DSM N.V.

Dividend on ordinary shares Koninklijke DSM N.V.

DSM’s policy is to provide a stable and preferably rising dividend to its shareholders.

Dividend per ordinary share over financial year (€)

Interim dividend 2020

The interim dividend for 2020 of €0.80 per ordinary share will be payable as of 28 August 2020. This interim dividend represents about one third of the total dividend paid over the prior year. The interim dividend will be payable in cash or in the form of ordinary shares at the option of the shareholder, with a maximum of 40% of the total dividend amount available for stock dividend. If more than 40% of the total dividend is requested by the shareholders to be paid out in shares, those shareholders who have chosen to receive their dividend in shares will receive their stock dividend on a pro rata basis, the remainder being paid out in cash. Dividend in cash will be paid after deduction of 15% Dutch dividend withholding tax. The ex-dividend date is 6 August 2020.

06 Aug 2020 Ex-dividend quotation
07 Aug 2020 Record date
10-21 Aug 2020 Period in which shareholders can indicate their choice. Election deadline for securities (shares) is 21 August 2020 at 15:00 CEST. After this deadline, only the cash option is available.
VWAP determination (based on period 17 August up to and including 21 August 2020).
24 Aug 2020 Announcement of the exchange ratio
As of 28 Aug 2020 Delivery of shares or cash payment

Exchange ratio and payment

The Exchange Ratio of the interim dividend 2020 in shares amounted to 1 new ordinary DSM share as stock dividend for every 164.1978 existing stock-entitled ordinary shares.

Based on the average weighted price of 17 August up to and including 21 August 2020 (VWAP) of €131.3582, 1/164.1978 share (with VWAP of €131.3582) virtually equals the gross dividend in cash of €0.80 per ordinary share.

Payment of the dividend on the ordinary shares and delivery of ordinary shares, with settlement of fractions in cash, if required, will take place as from 28 August 2020 based on the number of dividend rights delivered.

Paying agent: ABN AMRO Bank N.V., tel: +31 20 344 2000, fax: +31 20 628 8481, email.

Members are requested to instruct their election electronically through the Euroclear Nederland system of by means of a Swift MT565.

Final dividend 2019

A total dividend for the financial year 2019 of €2.40 per ordinary share was adopted by the Annual General Meeting of DSM's Shareholders on 8 May 2020. This amounts to an increase of €0.10 (4%) from the €2.30 paid for 2018. An interim dividend of €0.77 per ordinary share was paid in August 2019, thus the final dividend is €1.63 per ordinary share.

Shareholders can opt for the final dividend to be paid out in cash or in the form of ordinary shares. Dividends in cash are paid after deduction of 15% Dutch dividend withholding tax. Stock dividend are paid out from DSM’s own treasury shares - obtained through its share repurchase program - and subject to the conditions as stated in the Notes to the AGM 2020 Agenda. The ex-dividend date on Euronext Amsterdam was 12 May 2020 and the record date was 13 May 2020.

A maximum of 40% of the total dividend amount is available for stock dividend. If shareholders wished to receive in aggregate a distribution in shares which exceeds this maximum percentage of the total dividend, those shareholders who opted for distribution in the form of shares received their stock dividend on a pro rata basis, with the remainder being distributed in cash (after deducting 15% Dutch dividend withholding tax).

Shareholders had from 14 May until 27 May 2020 to indicate if they wished to receive their dividend in the form of ordinary shares, otherwise it would be distributed in cash. The conversion rate between the cash dividend and the stock dividend was determined on 28 May 2020 after the close of trading on Euronext Amsterdam. This exchange ratio was based on the volume weighted average price (VWAP) of all ordinary shares in DSM traded at Euronext Amsterdam over a period of five trading days from 21 May 2020 up to and including 27 May 2020.

Exchange Ratio Final dividend 2019

The Exchange Ratio of the final dividend over 2019 in shares amounted to 1 new ordinary DSM share as stock dividend for every 69.6007 existing stock-entitled ordinary shares.

Based on the average weighted price of 21 May up to and including 27 May 2020 (VWAP) of €113.4492, 1/69.6007 share (with VWAP of €113.4492) virtually equals to the gross dividend in cash of €1.63 per ordinary share.

Payment of the dividend on the ordinary shares and delivery of ordinary shares, with settlement of fractions in cash, if required, took place as from 3 June 2020 based on the number of dividend rights delivered.

Final dividend 2018

On 8 May 2019 DSM’s Annual General Meeting of Shareholders passed a resolution to declare a dividend for the 2018 financial year of €2.30 per ordinary share, an increase of €0.45 (24%) on the €1.85 paid for 2017. An interim dividend of €0.77 per ordinary share was paid in August 2018, thus the final dividend amounted to €1.53 per ordinary share. The ex-dividend date on Euronext Amsterdam was 10 May 2019 and the record date was 13 May 2019.

This final dividend of €1.53 was paid out in cash or in the form of ordinary shares at the option of the shareholder. Dividend in cash was paid after deduction of 15% Dutch dividend withholding tax. The stock dividend was paid out from DSM’s own treasury shares (obtained through its share repurchase program) and subject to the conditions as stated in the Notes to the AGM Agenda. As the % of shareholders that wished to receive stock dividend was below the 40% set as maximum for the stock dividend, no scaling down was required.

Exchange Ratio Final dividend 2018

The Exchange Ratio of the final dividend for 2018 in shares amounted to 1 new ordinary DSM share as stock-dividend for every 66.0527 existing stock-entitled ordinary shares. Based on the average weighted price of 21 May up to and including 27 May 2019 (VWAP = €101.0606 as VWAP), 1/66.0527 share (with VWAP of €101.0606) this represented a value of €1.53, which is virtually equal to the gross dividend in cash of €1.53 per ordinary share.

Both the cash dividend and stock dividend were made payable to shareholders on 3 June 2019.

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