To increase dividend-per-share over time, GrandVision pays an annual ordinary dividend in line with our medium- to long-term financial performance and targets. GrandVision predicts that, as a result of this policy, the ordinary dividend payout ratio will range from 25% to 50%.
Manner and timing of dividend payments
Payment of any dividends in cash will be made in euros. Dividends paid to shareholders through Euroclear Nederland will be automatically credited to the relevant shareholders’ accounts without the shareholders presenting documentation to prove their share ownership. Dividend payments on the shares held in registered form (i.e. not held through Euroclear Nederland, but directly) will be made directly to the relevant shareholder using the information contained in GrandVision’s shareholders’ register and records.
Dividend payments on GrandVision shares are generally subject to withholding tax in The Netherlands.
A claim for any declared dividends or other distributions lapses five years after the date they were released for payment. Any dividend or distribution not collected within this period will be considered to be forfeited to GrandVision.
GrandVision's Supervisory Board proposes a dividend of €0.35 per share for the 2020 fiscal year, subject to shareholder approval.
If approved, the shares will trade ex-coupon as of 28 April, 2020 and dividends will be payable from 4 May, 2020. The record date will be 29 April, 2020. The dividend represents a payout of 49.6% of net income attributable to equity holders, compared to a payout ratio of 38.7% in 2018.