Dividends on cumulative preferred financing shares
Capital repayment and reverse stock split
Ahold at a glance
Annual Report 2014
For the 2013 financial year, a cash dividend of €0.47 per common share was approved by the annual General Meeting of Shareholders on April 16, 2014, and paid on May 2, 2014.
The announced common stock dividend of €0.48 for the financial year 2014 is up 2% from last year and will be proposed to shareholders at the annual General Meeting of Shareholders to be held on April 15, 2015.
The payout ratio of 51% is slightly higher than our dividend policy range of 40-50% of adjusted income from continuing operations.
Shareholders KPIs 2010-2014
Dividend per common share
Total shareholder return
*Subject to the approval of the annual General Meeting of Shareholders.
Ahold paid an annual dividend on cumulative preferred financing shares in 2014 and plans to pay dividends on these shares in 2015 as required by the terms of the shares.
On February 28, 2013, Ahold announced its decision to return €500 million to its shareholders by way of a share buyback program, to be completed over a 12-month period. Subsequently, on June 4, 2013, Ahold
announced an extension to this program of an additional €1.5 billion, for a total share buyback of €2 billion, expected to be completed by the end of 2014. By the end of 2014, Ahold had completed 100% of the €2 billion
share buyback program, which lowered the number of outstanding common shares by 92,485,298 in 2014.
As of December 28, 2014, there were 71,775,672 shares held in treasury, the majority held by Ahold to cover long-term incentive and employee stock purchase plans.
On January 21, 2014, a capital repayment and reverse stock split was approved at an Extraordinary General Meeting of Shareholders. On March 28, 2014, the reverse stock split became effective. Every 13 existing shares
with a nominal value of €0.30 each were consolidated into 12 new shares with a nominal value of €0.01 each. The capital repayment of €1.14 per remaining share, €1,007 million in the aggregate (excluding transaction
costs), took place on April 3, 2014. The capital reduction attributable to treasury shares, €109 million in the aggregate, is reported in Other reserves.