Heidelberg Materials plans to increase dividend by 15% to €3.00 per share

Subject to the approval of the shareholders, this corresponds to an increase of €0.40 per share or 15% compared to the previous year’s dividend of €2.60 per share. Based on the Heidelberg Materials' share price of €80.94 as at 31 December 2023, the dividend yield is 3.7%.

Combined with the previously announced share buyback programme with a total amount of up to €1.2 billion until 2026, the significant increase in the dividend underlines the company’s strong focus on shareholder returns.

Annual and Sustainability Report for the 2023 financial year published

Heidelberg Materials has also published its combined Annual and Sustainability Report for the 2023 financial year. The company has expanded the scope of its sustainability-related reporting to include an overview of climate-related opportunities, risks, and scenarios on its path to net zero. Underpinning its pioneering role in the decarbonisation of the building materials sector, Heidelberg Materials is also growing the list of climate indicators that are being audited with reasonable assurance by including the revenue share from sustainable products within the cement business line.

Read the article online at: https://www.worldcement.com/europe-cis/21032024/heidelberg-materials-plans-to-increase-dividend-by-15-to-300-per-share/