Dividend Policy

Dividend Policy

The dividend policy approved and communicated by the Board of Directors is earnings-related and provides for a payout ratio of 35% to 45% of the consolidated net profit (excluding non-controlling interests).

Information per registered share and participation certificate

In CHF

2015201420132012

2011

Net profit

6.147.64

3.69

5.93

4.78

Net profit before exceptional items6.146.215.565.935.60

Cash flow from operating activities

9.588.00

6.90

6.61

5.73

Equity at year-end

21.3025.93

22.13

24.04

22.50

Gross dividend

2.703.201

2.20

2.20

2.00

Pay-out ratio in %

44.041.9

59.6

37.1

41.8

Market capitalization (in CHF million)

18 93416 101

14 881

15 463

13 149

1 Ordinary CHF 2.20; additional CHF 1.00

 

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