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A strong commitment to return cash to shareholders

Givaudan holds a strong commitment to return surplus cash to shareholders. Since the year 2000 we have returned over 12 billion Swiss francs to shareholders in the form of either dividends or share buy‑backs. And year‑on‑year, the dividend has risen.

The graph below shows the free cash flow (in million CHF) and year-on-year increase of the dividend (in CHF) which we returned per share to our shareholders.

Dividend

In 2015, Givaudan’s free cash flow was CHF 720 million, driven by a slightly higher EBITDA, and an improvement in working capital. At the Annual General Meeting of ​17 March 201​6, the the shareholders accepted the proposed cash dividend of CHF 54.00 per share. 

Givaudan holds a strong commitment to return surplus cash to shareholders and year-on-year the dividend has risen since 2000.

 

Dividends 2000 - 2015

Financial Year

Dividend

per share (CHF)

Increase

Date of Payment

Dividend Yield1

2000

6.50

 

23 May 2001

1.5%

2001

7.00

7.7%

02 May 2002

1.4%

2002

8.10

15.7%

16 April 2003

1.3%

2003

15.40

90.1%

21 April 2004

2.4%

2004

16.30

5.8%

2 May 2005

2.2%

2005

17.60

7.9%

12 April 2006

2.0%

2006

18.80

7.0%

4 April 2007

1.7%

2007

19.50

3.7%

31 March 2008

1.8%

2008

10.00 (cash)

10.00 (warrant)

2.6%

9 April 2009

2.4%

2009

20.60

3.0%

6 April 2010

2.5%

2010

21.50

4.4%

31 March 2011

2.1%

2011

22.00

2.3%

29 March 2012

2.5%

2012

36.00

63.6%

28 March 2013

3.7%

2013

47.00

30.6%

27 March 2014

3.7%

2014 50.00 6.4% 25 March 2015 2.8%
2015 54.00 8.0% 23 March 2016 3.0%
1 Based on market price at year-end