08.07.2021. Despite the economic crisis, voestalpine AG closed its 2020/21 business year with a positive result and can once again significantly increase its dividend in the current business year. Specifically, a dividend of 0.50 € per share was resolved for the business year 2020/21 at the 29th Annual General Meeting. This is an increase of 0.30 € over the previous year’s dividend of 0.20 € per share.
The Annual General Meeting, which was again a virtual meeting without the physical presence of shareholders, approved the proposal of the Management Board and Supervisory Board. The dividend will be transferred on 19 July 2021 (ex-dividend date: 15 July 2021).
Based on an average voestalpine share price of 24.51 € in 2020/21, the dividend yield for this period is 2.0 % (previous year: 0.9 %). voestalpine AG has consistently distributed a dividend to its shareholders every year since going public in 1995, in total 3.2 billion € including this year’s dividend payment. The annual dividend yield over the entire listing period is 3.5 %.
Authorisation of the Management Board to repurchase own shares
The Annual General Meeting authorized the Management Board to repurchase own shares up to a maximum of 10% of voestalpine AG’s share capital. This essentially renews the authorization to repurchase own shares granted in 2019, which will in part be used to further expand the employee shareholding scheme and to cover any convertible bonds. The authorisation to repurchase own shares is valid for a period of 30 months. The voestalpine Management Board was also authorized to dispose of treasury shares in ways other than on the stock exchange or via a public offering, and also to redeem own shares and thus to reduce the share capital.
20 years of voestalpine employee shareholding scheme
The voestalpine AG employee shareholding scheme—Austria’s largest employee participation plan in terms of both voting percentage and share value—celebrates its 20th anniversary this year. More than 25,000 employees worldwide are shareholders of the steel and technology group, making up 14.8 % of the company’s voting rights.