Dividend policy and proposal
Phoenix Mecano strives to achieve a payout ratio of 20% to 30% of the result of the period, adjusted for special factors. As a growth-oriented enterprise, the company relies upon the steady growth of its capital base. Phoenix Mecano returns capital not required for business development to its shareholders:
- Dividends
- Par value reduction as a tax-free investment payout
- Share buybacks with subsequent share cancellation
