Shareholder returns
Dividends on cumulative preferred financing shares
Capital repayment and reverse stock split
Share buyback
Overview
Business review
Governance
Financials
Investors
Ahold Delhaize Annual Report 2016
Shareholders KPIs 2012-2016
Dividend per common share
Dividend yield
Payout ratio*
Total shareholder return
Ahold Delhaize paid an annual dividend on cumulative preferred financing shares in 2016 and plans to pay dividends on these shares in 2017 as
required by the terms of the shares.
As part of the merger announcement, approximately €1 billion was returned to Ahold shareholders through a capital return and reverse stock split
prior to the merger completion. The capital repayment, announced on June 24, 2015, was approved by Ahold’s shareholders on March 14, 2016.
On July 15, 2016, the reverse stock split became effective by way of a consolidation of every 17 issued Ahold common shares into 16 common shares
and a capital repayment of €1.29 per remaining share (equal to about €1.21 per old share) on July 21, 2016. For shareholders who held shares through
Euroclear Nederland, the ex-date on Euronext Amsterdam was July 18, 2016. For holders of American Depositary Receipts (ADRs), the ex-date was
July 15, 2016. The record date for the capital repayment was fixed at the close of trading hours on July 19, 2016.
For the 2015 financial year, a cash dividend of €0.52 per common share was approved by the annual General Meeting of Shareholders on April 19,
2016, and paid on May 4, 2016.
The announced common dividend of €0.57 for the financial year 2016 is up 9.6% from last year and will be proposed to shareholders at the annual
General Meeting of Shareholders to be held on April 12, 2017. The payout ratio of 48% is within our dividend policy range of 40-50% of pro forma
underlying income from continuing operations.
2016 dividend subject to the approval of the annual General Meeting of Shareholders
2012-2015 numbers refer to Ahold only
Dividend payout ratio for 2016 is based on underlying income from continuing operations (on a pro forma basis). In 2015 this was based on a payout ratio of adjusted income from
continuing operations.
On December 7, 2016, Ahold Delhaize announced its decision to return €1 billion to its shareholders by way of a share buyback program, which is
expected to be completed before the end of 2017.
Maintaining a balanced approach between funding growth in key channels and returning excess liquidity to shareholders is part of Ahold
Delhaize’s financial framework to support its Better Together strategy. The purpose of the program is to reduce Ahold Delhaize’s capital, by
cancelling all or part of the common shares acquired through the program.
2015
0.52
2.7%
49%
41.1%
2014
0.48
3.3%
51%
6.4%
2013
0.47
3.6%
51%
35.8%
2012
0.44
4.3%
50%
13.8%
2016
0.57
2.8%
48%
5.5%
