voestalpine Annual General Meeting approves dividend of EUR 1.20

6 July 2022 |

Despite the challenging environment, in the business year 2021/22 voestalpine AG recorded the best results in the company’s history. These record results are reflected in this year’s dividend: at the 30th Annual General Meeting, a dividend of EUR 1.20 per share was approved for the business year 2021/22. This represents an increase of 140% over the previous year (EUR 0.50). The Annual General Meeting, which once again was held at the Linz Design Center after a two-year pause due to the pandemic, accepted the proposal of the Management Board and Supervisory Board. The dividend shall be paid out starting on July 18, 2022 (ex-dividend date is July 14, 2022).

Relative to the voestalpine share’s average price of EUR 33.63 in the business year 2021/22, the dividend yield is 3.6%, a substantial increase over that of the previous business year (2.0%). Since its listing on the stock exchange in 1995, voestalpine AG has paid out a dividend to its shareholders every year. Including the business year 2021/22, this amounts to a total of EUR 3.4 billion in dividend payouts. The average dividend yield since 1995 is 3.5%.

Around 24,500 employees in Austria and worldwide who have shares in voestalpine AG via its employee shareholding scheme benefit from the dividend continuity. As the largest employee shareholding scheme in Austria in terms of both percentage of votes and share value, the scheme holds around 14.2% of the voting rights in voestalpine AG.

The voestalpine Group

voestalpine is a globally leading steel and technology group with a unique combination of materials and processing expertise. voestalpine, which operates globally, has around 500 Group companies and locations in more than 50 countries on all five continents. It has been listed on the Vienna Stock Exchange since 1995. With its premium products and system solutions, it is a leading partner to the automotive and consumer goods industries as well as the aerospace and oil & gas industries; it is also the world market leader in railway systems, tool steel, and special sections. voestalpine is fully committed to the global climate goals, and its greentec steel program represents a clear plan for decarbonizing the production of steel. In the business year 2021/22, the Group generated revenue of EUR 14.9 billion, with an operating result (EBITDA) of EUR 2.3 billion; it had about 50,200 employees worldwide.

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