The Annual General Meeting of Shareholders of 19 April 2013 approved the new dividend policy of Vastned.
Based on the new dividend policy, at least 75% of the direct investment result per share will be distributed as dividend, with the ambition for the dividend to grow each year. Stock dividend is only offered when the share price is at an attractive level to prevent dilution of the share, resulting from the payment of stock dividend. Distribution of an interim dividend of 60% of the direct investment result per share for the first six months will continue. This new dividend policy is fully in line with Vastned's strategy and will lead to a more stable and more predictable dividend.
The dividend for 2012 is € 2.55 per share. Vastned already paid € 1.01 per share as interim-dividend, resulting in a proposed final dividend of € 1.54 per share. Payment-date is set at May 22nd 2013.