Heidelberg Materials is continuing its progressive dividend policy: The Managing Board and Supervisory Board will propose to the Annual General Meeting, which will be held on 16 May, to distribute a dividend of €3.00 per share for the 2023 financial year. 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 today 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.
The Annual and Sustainability Report 2023 is available for download under Annual and Sustainability Reports on heidelbergmaterials.com.
About Heidelberg Materials
Heidelberg Materials is one of the world’s largest integrated manufacturers of building materials and solutions with leading market positions in cement, aggregates, and ready-mixed concrete. We are represented in around 50 countries with around 51,000 employees at almost 3,000 locations. At the centre of our actions lies the responsibility for the environment. As the front runner on the path to carbon neutrality and circular economy in the building materials industry, we are working on sustainable building materials and solutions for the future. We enable new opportunities for our customers through digitalisation.
