The dividend is expected to be at least CHF 3.85 for 2022. Thereafter, Cembra expects the dividend to increase based on sustainable earnings growth, subject to a minimum of the prior year dividend per share. The target for the Tier 1 capital ratio remains 17%, and excess capital above this target will be used to finance growth or returned to the shareholders.
| Financial year |
Ordinary dividend |
Extraordinary dividend |
| 2023 |
4.00* |
|
| 2022 |
3.95 |
|
| 2021 |
3.85 |
|
| 2020 |
3.75 |
|
| 2019 |
3.75 |
|
| 2018 |
3.75 |
|
| 2017 |
3.55 |
|
| 2016 |
3.45 |
1.00 |
| 2015 |
3.35 |
|
| 2014 |
3.10 |
|
| 2013 |
2.85 |
|
* proposed