Progressive dividend policy
Wolters Kluwer has a progressive dividend policy under which the company aims to increase the dividend per share each year. The dividend pay-out ratio will therefore vary from year to year. The annual increase is dependent on our financial performance, market conditions, and our need for financial flexibility. Our dividend policy takes into consideration the nature of our business and our expectations for future cash flow and investment needs.
At the 2018 Annual General Meeting, we will propose a total dividend of €0.85 per share in cash, comprising the interim dividend of €0.20 (paid in September 2017) and the final dividend of €0.65 (to be paid in May 2018). This represents an increase of 6 euro cents or 8% on the prior year dividend (2016: €0.79). If approved, the 2017 dividend will mark the 12th consecutive year of increase in dividend per share. For more than 25 years, the company has either increased or maintained its dividend per share.
For 2018, we intend to set the interim dividend at 40% of prior year total dividend (previously: 25%). This will result in a 2018 interim dividend of €0.34 (to be paid in September 2018).
1) Dividend declared for the year indicated. 2017 dividend subject to approval at the Annual General Meeting of Shareholders to be held on April 19, 2018.
Dividend dates are provided in our Calendar.
Shareholders can choose to reinvest both interim and final dividends by purchasing additional Wolters Kluwer shares through the Dividend Reinvestment Plan (DRIP) administered by ABN AMRO Bank NV. For questions related to the DRIP, please contact: ABN AMRO Corporate Broking email@example.com.