Dividend
Corio pays a dividend once a year. The objective of Corio’s dividend policy is at least to comply with the requirements imposed on tax-exempt investment institutions and, except in special circumstances, to maintain the level of dividend and preferably increase it by the average rate of inflation in the euro zone. In accordance with the Management Board’s recommendation, Corio’s Supervisory Board proposes that a dividend of € 2.64 per share, payable in cash or shares at the discretion of the shareholder, within the bounds set by Corio’s tax-exempt investment institution status, be distributed for 2008 (2007: € 2.60 in cash), which represents a pay-out ratio of approximately 86%. The dividend yield is thus 8.0% on the basis of the closing price on 31 December 2008 and 5.2% on the basis of the average price in 2008. The dividend proposal will be submitted to the AGM on 17 April 2009. The dividend will become payable on 6 May 2009.
|
2008 |
3 year |
5 year |
| Corio EPRA |
-31.25% |
-2.10% |
9.25% |
| EPRA Euro zone |
-42.81% |
-13.37% |
2.88% |
| Corio GPR |
-37.90% |
-6.53% |
6.66% |
| GPR Europe 250 |
-50.96% |
-20.82% |
-2.58% |
| AEX |
-52.31% |
-43.69% |
-27.16% |
| Corio (based on closing prices)* |
-40.63% |
-28.34% |
7.14% |
Source: Annual Report 2008, Chapter Overview & Strategy, page 27 (PDF, 476 kB)
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