Dividend policy

HORNBACH pursues a continuity-based dividend policy which aims to maintain a fair balance between shareholders’ interests on the one hand and financing the company’s growth on the other. The company aims for a payout ratio of 30 percent (based on consolidated net income after minority interests) and to ensure that the dividend at least matches the previous year’s level.

Dividend per share in Euro

Payment of dividend

The dividend is generally paid on the third working day after the Annual General Meeting. The payment is made via Clearstream Banking AG, Frankfurt, onto shareholders’ accounts at their respective account-holding banks. The amount paid is reduced by capital gains tax of 25 percent, a solidarity surcharge amounting to 5.5 percent of payable capital gains tax (total: 26.375 percent) and, where applicable, the church tax payable on capital gains tax.

The central payment agent is ODDO BHF Aktiengesellschaft, Frankfurt am Main, represented by Deutsche Wertpapier Servicebank AG, Frankfurt am Main.

Capital gains tax, the solidarity surcharge and, where applicable, church tax are not withheld for domestic shareholders that have provided their account-holding banks with a “non-assessment certificate” issued by the relevant tax office. The same applies in full or in part for domestic shareholders who have submitted an exemption order for capital gains tax to their account-holding banks to the extent that the amount covered by such exemption has not already been used for other income from capital assets.