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AkzoNobel Declares Special Cash Dividend of €4.50 Per Share

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By: Anthony Locicero

Copy Editor, New York Post, Rodman Media

AkzoNobel announced details of a €1 billion special cash dividend as part of a total €6.5 billion being distributed to shareholders following the sale of the Specialty Chemicals business.
 
Shareholders will receive a special cash dividend of €4.50 per common share on Feb. 25, 2019. The ex-dividend date will be Feb. 20, 2019, and the record date will be Feb. 21, 2019.
 
A share repurchase program of €2.5 billion will also commence soon, in addition to the €2 billion capital repayment and share consolidation conducted in January 2019 and the €1 billion special cash dividend paid as advance proceeds in December 2017.

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