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.
Due to the considerable rise in energy prices and weak demand as a consequence of the global economic slowdown all cash-generating units were subjected to an impairment test in the reporting year. Impairment tests led to the recognition of impairment losses on some items of property, plant and equipment and intangible assets. Impairment losses recognized in the fiscal year totaled €463 million. Other factors included impairment losses on, or the non-recognition of, deferred tax assets on tax loss carryforwards in an amount of €255 million. The above effects were a major driver of the Group’s net loss in the reporting year. Under the dividend policy this means that no dividend will be distributed for the reporting year 2022.
Paying agent pursuant section 48 (1) nr. 4 German Security Trading Act (WpHG) is Deutsche Bank AG, Frankfurt am Main.
Historical dividend development
The dividend calendar shows all important dates in connection with the Annual General Meeting (AGM). These include the dividend for Covestro share, the date of the AGM, the ex-dividend date and the payment date.
All important documents relating to the Covestro Annual General Meeting can be found here.
On the first business day after the Annual General Meeting, Covestro share is quoted "ex-dividend." On this ex-dividend day, the share price is reduced by the amount of the dividend paid out.
The Covestro share is evaluated by financial analysts in studies with forecasts and investment recommendations on the company. You can calculate the profitability of your Covestro shares with the interactive calculating tool. All important dates and events for investors can be found in the Covestro financial calendar.