Dividend Policy 2024-2028
The enhanced progressive dividend policy has been approved at the Company’s General Shareholder Meeting on June 24, 2024.
According to the enhanced policy, dividends are expected to grow by at least 10% per annum on a dividend per share basis during 2024-2028.
The dividend is expected to increase to at least $867 million for 2025 based on the minimum 10% year-on-year increase. Moreover, on May 7, 2025, the Board of Directors approved dividends to be paid quarterly.
As per dividend policy, the Board of Directors, at its discretion, may approve additional dividends over and above the progressive dividend floor after considering free cash flow accretive growth opportunities.
