Covestro intends its shareholders to participate appropriately in the company's success. To this end, the company has formulated a new dividend policy, valid since the financial year 2020: Between 35% and 55% of the net income is to be distributed as a dividend.
Based on this dividend policy, the Covestro Board of Management had proposed to the Annual General Meeting a dividend of €1.30 per share for the financial year 2020. This proposal was adopted and resolved by the Annual General Meeting, which was held as a virtual meeting on April 16, 2021.
Paying agent pursuant section 48 ((1 nr. 4 German Security Trading Act (WpHG) is Deutsche Bank AG, Frankfurt am Main.
Historical dividend development
|Dividend for fiscal year (EUR)||0.70||1.35||2.20||2.40||1.20||1.30|
|AGM resolution||May 3, 2016||May 3, 2017||April 13, 2018||April 12, 2019||July 30, 2020||April 16, 2021|
|Ex-dividend day||May 4, 2016||May 4, 2017||April 16, 2018||April 15, 2019||July 31, 2020||April 19, 2021|
|Payout starting||May 4, 2016||May 8, 2017||April 18, 2018||April 17, 2019||August 4, 2020||April 21, 2021|