The board of directors of Gestamp has approved the payment, this Monday, of a dividend on account of the results of the 2018 fiscal year of 0.065 euros gross per share.
The highest governance body of the company approved, in turn, a new dividend policy, which contemplates that Gestamp will continue distributing annually a total dividend of close to 30% of the consolidated net profit of each year, although, starting from now, it will be in two payments per year, anticipating part of the payment with a dividend on account.
Thus, the first distribution of the interim dividend will be approved by the board of directors in December of each year and will be paid in the months of January and February of the following year, while the second installment, through the distribution of the ordinary dividend, will be authorized in the annual meeting of shareholders, at the same time as the accounts of the company and will be paid in June and July of each year.
The company stressed that the board of directors will also try to ensure that shareholders can collect the dividend in cash, either because it is paid in cash in its entirety or because, with the possibility of payment in kind, shareholders may opt to receive it in cash. cash.
Regarding the remuneration to the shareholders of the company this Monday, the payment agent entity will be CaixaBank, through the entities participating in Iberclear. The holders of Gestamp securities will be subject to this payment until January 10.