Dividends
Dividend Policy
For Sicafi, the results before
depreciation as well as the amounts corresponding to the net
reduction in debt are exempt from corporate income tax, subject to
compulsory distribution of at least 80%. This explains the high
level of dividend yield.
| Dividend |
2009 |
2008 |
2007 |
2006 |
2005 |
| Ordinary shares |
| Gross (in €) |
6.50 |
7.80 |
7.75 |
7.40 |
7.35 |
| Net (in €) |
5.525 |
6.63 |
6.5875 |
6.29 |
6.2475 |
| Number of shares |
12,759,754 |
11,846,772 |
9,872,029 |
9,720,027 |
9,720,027 |
| Preference shares |
| Gross (in €) |
6.37 |
6.37 |
6.37 |
6.37 |
6.37 |
| Net (in €) |
5.41 |
5.41 |
5.41 |
5.41 |
5.41 |
| Number of
shares |
1,272,009 |
1,499,766 |
1,499,766 |
1,499,766 |
1,499,766 |
Withholding tax on dividends paid is 15% for physical
persons.
Dividends
The payment of dividends shall be
made annually at the times and places fixed by the Board of
Directors and approved by the General Shareholders' Meeting.
Payments usually take place a few days after the Ordinary General
Meeting of Shareholders.
Paying Agent
Services
Coupons N°18 (ordinary share COFB),
N°6 (preference share COFP2) and N°7 (preference share COFP1) were
paid on 10.05.2010 at the agencies of Bank Degroof (principal
paying agent) or any other financial institution. Shareholders are
advised to inform themselves about the amounts that the financial
intermediaries may charge in connection with paying agency
services.