|
Shares in Randstad Holding nv are quoted on Euronext Amsterdam. Options on Randstad are also traded there. The Randstad share forms part of the Amsterdam Exchange (AEX) Index. The AEX is a stock market index of the 25 most traded funds at Euronext Amsterdam.
Following the merger with Vedior the free float of Randstad has improved from 45% towards approximately 60%. Based on market capitalization the Randstad share forms part of the Euronext 100 segment of Euronext. Randstad is also included in the MSCI Europe-index. Furthermore, Randstad has been included in the Dow Jones Sustainability World Index and the Dow Jones Stoxx Sustainability Index.
Dividend policy
As from 2007 Randstad aims for enhanced dividend protection for its shareholders, putting a floor of € 1.25 in the dividend, instead of a constant 40% payout. The new policy should not lead to a lower average dividend stream than would be achieved under the former policy. We pursue consistent dividend growth through the cycle, while we aim not to lower the absolute dividend level in any given year, if the capital structure allows for it. We want to achieve this with a minimum payout of 30% and a maximum payout of 60%. The updated policy is more in line with the cash flow trends, which usually show a more gradual development than earnings trends. For the coming years this means that dividend per share will grow from € 1.25 once the payout reaches 30%, and that it could only fall below € 1.25 if this would imply a payout higher than 60%.
|
|