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Dividend policy
NA has pursued a solid dividend policy since its IPO in 1998. Since fiscal year 2003/04 the dividend has increased continuously. Thus, we are underlining our commitment that NA shares should remain an attractive dividend stock.

In fiscal year 2006/07 an excellent result was generated. The resolution on the payment of a dividend of € 1.45 per share as proposed by the Executive Board and Supervisory Board was passed at the Annual General Meeting of Norddeutsche Affinerie on 29. February 2008. The dividend was paid on 3. March. As a result NA shares are again providing a very attractive dividend yield.
99/00 00/01 01/02 02/03 03/04 04/05 05/06 06/07
Dividend or recommended dividend (€)
0.75 0.75 0.65 - 0.65 1.00 1.05 1.45
Distribution (%)
74 61 68 - 76 82 66 50
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