The company proposes a dividend of EUR 1.40 per share, in cash, from the net income for full-year 2020, in line with its dividend policy of paying an increasing dividend per share every year. This is in addition to the extraordinary dividend of EUR 1.35 per share to its shareholders, as proposed on January 13, 2021. The dividend payment is subject to approval by the Annual General Meeting of Shareholders. Dividend in cash is, in principle, subject to 15% Dutch dividend withholding tax, which will be deducted from the dividend in cash paid to shareholders.
Signify intends to pay a stable to increased dividend per share, to be paid out annually in cash. The payment of dividends, if any, and the amounts and timing thereof depend on several factors, including future sales, profits, financial conditions, general economic and business conditions and prospects. Other factors that the Board of Management may deem relevant, as well as other legal and regulatory requirements, may also impact the amount, timing and payment of future dividends. These may be beyond the control of the company.