Brenntag General Shareholders' Meeting approves tenth dividend increase in a row

Shareholders clapping hands on positive report

  • General Shareholders’ Meeting decides to raise the dividend to 1.35 EUR per share (+ 8% on previous year), representing a payout of around 209 million EUR
  • All motions proposed by the Board of Management and Supervisory Board achieve very high approval ratings

Brenntag (ISIN DE000A1DAHH0), the global market leader in chemicals and ingredients distribution, held its Ordinary General Shareholders' Meeting on June 10, 2021. As in the previous year, the meeting took place as a purely virtual event due to the ongoing constraints of the COVID-19 pandemic. Christian Kohlpaintner, Chief Executive Officer Brenntag SE, and Georg Müller, Chief Financial Officer Brenntag SE, presented the highlights of the financial year 2020 as well as for the first months of 2021, emphasizing the strong performance in the two most important key figures, gross profit and operating EBITDA. The management also provided an overview of the comprehensive transformation program “Project Brenntag” and the progress achieved so far.

With an attendance rate of 79%, the Ordinary General Shareholders' Meeting approved all motions proposed by the Management Board and the Supervisory Board by a large majority. It also voted in favor of a dividend of 1.35 EUR per share. Thus, Brenntag has increased its dividend payments each year since its IPO in 2010. The payout ratio is around 45% of the net profit attributable to Brenntag shareholders and 208,575,000.00 EUR will be paid in total.

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