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Dividends

Each year, Corticeira Amorim gives due consideration, in the context of its operations – specifically net income accrued, debt levels and future investment and financing requirements for ensuring adequate economic and financial balance – to the proposal for appropriation of profits to be submitted to the Annual General Meeting.

Dividend per share & payout ratio

Dividend per share (€)
Payout ratio (%)
NOTES

Dividends by payment year;
Dividend yield considers: average share price of 2.04€, 2.85€ and 4.34€, respectively for 2013, 2014 and 2015;
2015 dividend includes extraordinary payment of 25.9 M€ from the gains accrued in the ABB of treasury stock (Sep. 2015).

2018: 35.9 M€; 2.4% of dividend yield (24.6 M€ + 11.3 M€)

2017: 34.6 M€; 3.06% de dividend yield (23.9 M€ + 10.6 M€)

2016: 31.9 M€; 5.5% of dividend yield (21.3 M€ + 10.6 M€)

2015: 0.2 M€; 13.5% of dividend yield (17.6 M€ + 32.6 M€)

2014: 23.9 M€; 9.3% of dividend yield (15.1 M€+ 8.8 M€)

Key Figures

2012 2013 2014 2015 2016 2017 2018
Issued shares Qt. 133.000.000133.000.000133.000.000133.000.000133.000.000133.000.000133.000.000
Year-end share price 1,6002,2103,0205,9488,50010,3009,000
Average share price 1,4202,0402,8504,3407,30311,06710,604
Earnings per share 0,2460,2420,2850,4310,7720,7720,582
Dividend payed per share 0,1600,1600,1900,3850,2400,2600,270
1st payment 0,0650,1000,1200,1400,1600,1800,185
2nd payment 0,0950,0600,0700,2450,080,0800,085
Payout % 84,2%68,5%83,3%143,21%58,02%33,67%49,17%
Dividend Yield % 14%11,3%9,3%13,5%5,5%3,6%2,4%
NOTES:

Dividend of year N-1 is payed in Year N;
Dividend yield per share = dividend per share/average share price (N-1).

Corticeira Amorim, SGPS, S.A.

Rua de Meladas, 380 - P.O. Box 20
4536-902 MOZELOS VFR - PORTUGAL
Investor Relations
Tel.: +351 227 475 400
Fax.: +351 227 475 407
corticeira.amorim@amorim.com

LATEST DISCLOSURES

Sales increase 9% to €763 million

2019-04-12
  • Cork stoppers drive growth with sales increasing 12%;
  • EBITDA for stoppers and raw materials up 9%;
  • Net profit increases 6% to more than €77 million;
  • Stronger profit in a year of unfavourable impact from raw material prices and exchange rates.

Consolidated Accounts