- Dividend pay-out ratio > 50% of EPS
Cramo Plc’s profit distribution target is to follow stable profit distribution and to pay over 50 % of earnings per share (EPS) as dividends.
|Dividend per share||0.00*||0.90||0.85||0.75||0.65||0.55||0.60||0.42||0.30||0.10||0.00||0.20|
Dividend proposal for 2019
On 5 February 2020 final results of Boels’ recommended voluntary public cash tender offer for all shares in Cramo Plc were announced and Boels completed the tender offer and commenced a subsequent offer period. According to the final results of the tender offer, the shares tendered represent approximately 93.04% of all the issued and outstanding shares and votes in Cramo.
*Taking that into consideration, the Board of Directors of Cramo proposes that no dividend will be paid for the financial year 2019.