Dividend

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Dividend payment
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Givaudan’s history of delivering with excellence is supported by strong financial performance and the creation of significant value for shareholders.

Since the Company’s IPO in 2000, we have created over CHF 30 billion of total shareholder return, with an average annual yield of 10.5% compared with 4.1% for the SMI Index in the Swiss market.

Dividend payment

Our target is to return profit to shareholders through progressive dividend payment, taking into account the Company’s financial position and strategy. The dividend has risen year on year, reflecting this commitment to return cash to shareholders.

Explore the dynamic graph on our dividend per share

Over the last 10 years Givaudan’s dividend increased steadily along with a relatively stable free cash flow resilience.
  

Dividend in 2023
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Dividend in 2023

In 2023, Givaudan’s free cash flow was CHF 920 million. At the Annual General Meeting on 21 March 2024, Givaudan’s Board of Directors approved the cash dividend of CHF 68.00 per share for the financial year 2023, an increase of 1.5% year-on-year.

Dividend calendar

Monday 25 March 2024: ex-dividend trading date
Wednesday 27 March 2024: dividend payment date

Dividends 2009-2023

Financial
year

Dividend 
per share 
(CHF)

Increase

Date of 
payment

Dividend 
yield¹

Payout
ratio

2023

68.00

1.5%

27 March 2024

1.95%

70%

2022

67.00

1.5%

29 March 2023

2.36%

72%

2021

66.00

3.1%

30 March 2022

1.38%

74%

2020

64.00

3.2%

31 March 2021

1.72%

79.4%

2019

62.00

3.3%

31 March 2020

2.04%

81%

2018

60.00

3.4%

3 April 2019

2.6%

83%

2017

58.00

3.6%

28 March 2018

2.6%

74%

2016

56.00

3.7%

29 March 2017

3.0%

80%

2015

54.00

8.0%

23 March 2016

3.0%

80%

2014

50.00

6.4%

25 March 2015

2.8%

82%

2013

47.00

30.6%

27 March 2014

3.7%

89%

2012

36.00

63.6%

28 March 2013

3.7%

81%

2011

22.00

2.3%

29 March 2012

2.5%

81%

2010

21.50

4.4%

31 March 2011

2.1%

58%

2009

20.60

3.0%

6 April 2010

2.5%

88%

  1. Based on market price at year-end.

  

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