Dividend

A strong commitment to return cash to shareholders

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Givaudan’s history of delivering with excellence is supported by strong financial performance and the creation of significant value for shareholders.

Since the Company’s IPO in 2000, we have created over CHF 35 billion of total shareholder return, with an average annual yield of 13.3% compared with 4.1% for SMI Index in the Swiss market. The dividend has risen year on year, reflecting our commitment to returning cash to shareholders.

Looking at the last 10 years

Givaudan's free cash flow (in million CHF) and year-on-year increase of the dividend (in CHF) which we returned per share to our shareholders.

in Swiss francs | in millions of Swiss francs

EXPLORE THE DYNAMIC GRAPH ON OUR DIVIDEND PER SHARE

Dividend per share and free cash flow

In 2020, Givaudan’s free cash flow was CHF 811 million. At the Annual General Meeting on 25 March 2021, Givaudan’s Board of Directors approved the cash dividend of CHF 64.00 per share for the financial year 2020, an increase of 3,2% since last year and the twentieth increase since our listing on the Swiss stock exchange.

Our dividend calendar
Monday 29 March 2021: ex-dividend date
Wednesday 31 March 2021: dividend payment date

Dividends 2009-2020
 

Financial
year

Dividend

per share (CHF)

Increase

Date of
payment

Dividend
yield¹

Payout
ratio
2020 64.00 3.2% 31 March 2021 1.72% 79.4%
2019 62.00 3.3% 31 March 2020 2.04% 81%
2018 60.00 3.4% 3 April 2019 2.6% 83%
2017 58.00 3.6% 28 March 2018 2.6% 74%
2016 56.00 3.7% 29 March 2017 3.0% 80%
2015 54.00 8.0% 23 March 2016 3.0% 80%
2014 50.00 6.4% 25 March 2015 2.8% 82%
2013 47.00 30.6% 27 March 2014 3.7% 89%
2012 36.00 63.6% 28 March 2013 3.7% 81%
2011 22.00 2.3% 29 March 2012 2.5% 81%
2010 21.50 4.4% 31 March 2011 2.1% 58%
2009 20.60 3.0% 6 April 2010 2.5% 88%
  1. Based on market price at year-end