Our dividend policy is earnings-oriented and designed to ensure that our shareholders receive an adequate share in the Group’s profit on an ongoing basis. The dividend amount is based on business performance and a payout ratio geared towards Rheinmetall AG’s business results. We take care to ensure that the dividend is widely accepted by shareholders and that it represents an attractive investment criterion, especially for investors geared towards long-term investment. In fiscal 2021, we raised our target for the payout ratio to be achieved from the previous range of 30% to 35% to an annual dividend of 35% to 40% of the earnings attributable to shareholders after taxes on income and revenue.
At the Annual General Meeting on May 9, 2023, the Executive Board and Supervisory Board proposed and approved a dividend payment of €4.30 per eligible share. The payout ratio thus corresponds to 40.4% and the total payout thus amounts to around €187 million.
Subject to approval by shareholders, the payment of the dividend is due on the third business day following the Annual General Meeting resolution in accordance with section 58(4) sentence 2 of the German Stock Corporation Act.
| 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
| Dividend | EUR | 4.30 | 3.30 | 2.00 | 2.40 | 2.10 | 1.70 | 1.45 | 1.10 |
| Dividend yield | % | 2.3 | 4.0 | 2.3 | 2.3 | 2.7 | 1.6 | 2.3 | 1.8 |
| Share price as at Dec 31 | EUR | 186.05 | 83.06 | 86.58 | 102.40 | 77.16 | 105.85 | 63.90 | 61.48 |