Dividend

A strong commitment to return cash to shareholders

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%

Based on market price at year-end