Investor Relations
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Ahold Annual Report 2003
Investor Relations
Per share table 1999 2000 2001 2002 2003
Common share year-end
646,484,126
816,849,445
920,979,176
931,106,897
1,552,603,293
Cumulative preferred
financing shares
144,000,000
259,317,164
259,317,164
259,317,164
369,217,164
Share price year-end
29.39
34.36
32.68
11.65
5.83
Average share price
32.87
29.55
33.50
20.59
7.32
Share price high
38.55
36.84
37.39
32.25
13.60
Share price low
25.61
21.25
29.13
10.32
2.47
Stock dividend
3/100
3/100
3/100
1/100
Cash dividend
0.49
0.63
0.73
0.22
Source: Euronext/Ahold
Equity Weightings
At year-end 2003, Ahold had the following equity weightings:
AEX
2.718%
Euronext Top 100
0.694%
MSCI Pan-Euro
0.174%
DJ Eurostoxx 50
0.656%
FTSE Eurotop 300
0.216%
FTSE E300 FD&D
10.840%
Source: Bloomberg
Dividend policy
Prior to 2003, we customarily declared dividends on our common shares twice a year. An interim dividend
was proposed by our Corporate Executive Board and, with the approval of our Supervisory Board, was generally
paid in September of each year. The proposed total dividend for the year was approved by the annual General
Meeting of Shareholders, which typically has been held in May, and the second, or final, portion of the total yearly
dividend was paid after this meeting.
On March 5, 2003, we announced that we would not pay a final dividend on our common shares in respect
of 2002. Any future determination relating to our dividend policy regarding our common shares will be made at the
discretion of our Corporate Executive Board and our Supervisory Board and will depend on a number of factors,
including future earnings, capital requirements, financial condition, restrictions in credit facilities, future prospects
and other factors our Corporate Executive Board and our Supervisory Board may deem relevant. Ahold does not
expect to pay any further dividend on its common shares until it qualifies for "Investment Grade" by the credit
rating agencies. The Company plans to pay dividends on the preferred financing shares in 2004.
