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Dividend

A strong commitment to return cash to shareholders

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 2022

In 2022, Givaudan’s free cash flow was CHF 479 million. At the Annual General Meeting on 23 March 2023, Givaudan’s Board of Directors approved the cash dividend of CHF 67.00 per share for the financial year 2022, an increase of 1.5% year-on-year.

Dividend calendar
Monday 27 March 2023: ex-dividend trading date
Wednesday 29 March 2023: dividend payment date

Dividends 2009-2022

Financial
year

Dividend

per share (CHF)

Increase

Date of
payment

Dividend
yield¹

Payout
ratio

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.