Vallourec's dividend policy, as defined by the Group in 2003,
is to target an average payout ratio of around 33% over the long term.
|
In euro |
2010 (3) |
2009 |
2008 |
2007 |
2006 |
2005 |
|
Earnings per share (1) |
3.6 |
4.7 |
9.2 |
9.5 |
8.9 |
4.7 |
|
Dividend per share (1) |
1.30 |
1.75 |
3.00 |
3.50 |
3.00 |
1.12 |
|
Exceptional distribution |
|
|
|
2.00 |
|
|
|
Pay-out ratio (2) |
37.3% |
38.6% |
33.2% |
37.4% |
34.7% |
25.1% |
(1) Dividends paid have been recalculated to take into account
the 5 for 1 share split on 18 July 2006 and 2 for 1 share split on 9 July 2010.
(2) Pay-out ratio calculation based on the number of shares at 31 December
(the ratio excludes the exceptional distribution).
(3) Proposed dividend subject to approval by the General Meeting of Shareholders
to be held on 7 june 2011.
Payment of dividend for the fiscal year 2010
|
Stage 1 |
Stage 2 |
Stage 3 |
Stage 4 |
|
"Record date"
15 June 2011
|
"Ex-date"
16 June 2011 |
"Option period"
From 16 to 28 June 2011 |
"Payment date"
7 July 2011 |
|
Until 15 June, Stock Exchange orders are executed with the right to the payment of dividends. |
Ex-dividend date. |
From 16 to 28 June, you choose to receive the dividend in cash or shares and instruct your bank accordingly. |
Dividend is paid to intermediary brokers. |