Dividend policy
Kapsch TrafficCom will continue with its practice to distribute a dividend of at least one third of the profit for the period. If this value corresponds to a dividend per share of less than EUR 1.00, the company will consider a higher distribution rate, so that an Annual Base Dividend of EUR 1.00 can be assumed.
Depending on the economic development, the market environment and the capital needs for upcoming projects, the dividend payment can be higher or lower than the Annual Base Dividend. However, within a reference period of three years, the company aims at paying out an average annual dividend which at least corresponds to the Annual Base Dividend (EUR 1.00).
Herewith, Kapsch TrafficCom follows a sustainable dividend policy which provides the company with sufficient flexibility to respond to market developments.
Dividend payouts
| Year | Dividend per share |
Earnings per share (in refernce year) |
Payout ratio |
|---|---|---|---|
| 2017 | EUR 1.50 | EUR 3.35 | 44.7% |
| 2018 | EUR 1.50 | EUR 2.21 | 68.0% |
| 2019 | EUR 1.50 | EUR 3.68 | 40.8% |
| 2020 | EUR 0.25* | EUR -3.70 | n/a |
* Proposal to the AGM and as far as legally permissible.