Dividends, For Investors - Corticeira Amorim, Cork Sector World Leader

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For Investors

Each year, Corticeira Amorim gives due consideration, in the context of its operations – specifically net income accrued, debt levels and future investment and financing requirements for ensuring adequate economic and financial balance – to the proposal for appropriation of profits to be submitted to the Annual General Meeting.

Dividend per share & payout ratio

Dividend per share (€)

Payout ratio (%)

NOTES

Dividends by payment year;
Dividend yield considers: average share price;
2015 dividend includes extraordinary payment of 25.9 M€ from the gains accrued in the ABB of treasury stock (Sep. 2015).

2019: 35.9 M€; 2.5% of dividend yield (24.6 M€ + 11.3 M€)

2018: 35.9 M€; 2.4% of dividend yield (24.6 M€ + 11.3 M€)

2017: 34.6 M€; 3.06% de dividend yield (23.9 M€ + 10.6 M€)

2016: 31.9 M€; 5.5% of dividend yield (21.3 M€ + 10.6 M€)

2015: 50.2 M€; 13.5% of dividend yield (17.6 M€ + 32.6 M€)

2014: 23.9 M€; 9.3% of dividend yield (15.1 M€+ 8.8 M€)

Key Figures

		2013	2014	2015	2016	2017	2018	2019
Issued shares	Qt.	133.000.000	133.000.000	133.000.000	133.000.000	133.000.000	133.000.000	133.000.000
Year-end share price	€	2,210	3,020	5,948	8,500	10,300	9,000	11,30
Average share price	€	2,040	2,850	4,340	7,303	11,067	10,604	10,062
Earnings per share	€	0,242	0,285	0,431	0,772	0,772	0,582	0,564
Dividend payed per share	€	0,160	0,190	0,385	0,240	0,260	0,270	0,270
1st payment	€	0,100	0,120	0,140	0,160	0,180	0,185	0,185
2nd payment	€	0,060	0,070	0,245	0,08	0,080	0,085	0,085
Payout	%	68,5%	83,3%	143,21%	58,02%	33,67%	49,17%	46,40%
Dividend Yield	%	11,3%	9,3%	13,5%	5,5%	3,6%	2,4%	2,5%

NOTES:

Dividend of year N-1 is payed in Year N;
Dividend yield per share = dividend per share/average share price (N-1).

Latest Dividends Communications

26 of June 2020

Payment of the gross dividend of 0.185€ per share from the 20th July 2020

2 of December 2019

Payment of a gross dividend of 0.085€ per share from the 19th December 2019

12 of April 2019

Payment of a gross dividend of 0.185€ per share from the 30th April 2019

3 of December 2018

Payment of a gross dividend of 0.085€ per share from 19th December 2018

Corticeira Amorim, SGPS, S.A.

Rua de Meladas, 380 - P.O. Box 20
4536-902 MOZELOS VFR - PORTUGAL

Investor Relations
Tel.: +351 227 475 400
Fax.: +351 227 475 407
corticeira.amorim@amorim.com

LATEST DISCLOSURES

Net profit reaches €75 million

2020-06-26

Sales in 2019 exceeded €780 million;
The EBITDA-Sales ratio increased 139 b.p. year-on-year in the last quarter;
The Cork Stopper BU registered strong annual sales growth (+4,7%);
Proposal to distribute a gross dividend of €0.185 per share.
The Board of Directors will not propose an extraordinary dividend in December (as it has been done since 2012).

Consolidated Accounts

Payment of the gross dividend of 0.185€ per share from the 20th July 2020

26 of June 2020

Corticeira Amorim, SGPS, S.A. - Acquisition of a 30% stake in ELFVERSON & Co AB (Sweden)

18 of June 2020

Corticeira Amorim, SGPS, S.A. informs about Annual Shareholders Meeting Notice and about dividends’ proposal

4 of June 2020