Dividends
According to our dividend policy, dividend payouts of Henkel AG & Co. KGaA shall, depending on the company’s asset and profit positions as well as its financial requirements, amount to 30 to 40 percent of net income after non-controlling interests and adjusted for exceptional items. For 2023, a stable dividend relative to the previous year of 1.85 euros per preferred share and 1.83 euros per ordinary share was paid. This equates to a payout ratio of 42.4 percent, which is slightly above the target bandwidth of 30 to 40 percent. Thus we are able to maintain dividend continuity for our shareholders. This payout is possible thanks to the strong financial base and the positive development of the net financial position of the Henkel Group.