The Board of Directors of Dinamia has authority over dividend policy. It analyses on a yearly basis the different choices and takes the decession.

Dinamia has distributed historically 0.70 Euros per share every year, but in 2007 that doubled this amount thanks to good results in 2006 year and 10th IPO Anniversary. In the last years, the dividend has been paid against share premium, as it is fiscally more effcient for our shareholders (*). 

The General Shareholders’ Meeting held on 7 June 2011 approved the payment of a €0.10 per share dividend against the share premium reserve. Despite the challenging economic backdrop, the company decided to make an effort to remunerate its shareholders this year.

Complementing this shareholder remuneration policy, the General Shareholders’ Meeting also approved a €957,600 bonus share issue, to be charged against the shareholder premium reserve. The bonus share issue will consist of delivery of one new-issue bonus share for every 50 shares currently outstanding, to which end Dinamia will issue 319,200 new shares.

The bonus share issue formula will not only allow the company to complement traditional shareholder remuneration, it will also preserve cash and equity, important in the uncertain current environment, in order to undertake and back projects with the potential to generate shareholder value.

The dividend was paid on 15 July 2011, and the bonus share issue will be executed from September on.
 

Following you can find the yearly distribution of dividends since the IPO in 1997:
 

Dividends Year Payment date Gross dividend (€) Net dividend (*) Nature 1999 10/7/1999 0.30 per share 0.225 per share Allocation of 1998 profit 2000 13/7/2000 0.40 per share 0.33 per share Allocation of 1999 profit 2000 13/7/2000 0.30 per share 0.25 per share Distribution of share premium 2001 14/7/2001 0.70 per share 0.574 per share Allocation of 2000 profit 2002 15/7/2002 0.60 per share 0.492 per share Allocation of 2001 profit 2002 15/7/2002 0.10 per share 0.10 per share Distribution of share premium 2003 15/7/2003 0.70 per share 0.595 per share Allocation of 2002 profit 2004 15/7/2004 0.70 per share 0.70 per share Distribution of share premium 2005 15/7/2005 0.70 per share 0.595 per share Allocation of 2004 profit 2006 17/7/2006 0.70 per share 0.70 per share Distribution of share premium 2007 18/7/2007 1.40 per share 1.40 per share Distribution of share premium 2008 17/7/2008 0.70 per share 0.70 per share Distribution of share premium 2009 15/7/2009 0.70 per share 0.70 per share Distribution of share premium 2010 15/7/2010 0.70 per share 0.70 per share Distribution of share premium 2011 15/7/2011 0.10 per share 0.10 per share Distribution of share premium (*) Applying standard withholding tax prevailing in Spain, although actual taxation depends on the recipient of the dividend