Evonik plans 15% dividend increase

Essen, Germany – Evonik is considering raising its dividend by 15% to EUR 1.15/share after meeting its performance targets for 2015, according to the firm.

The management board expects to book earnings before interest, tax, depreciation and amortisation of EUR 2.4bn for 2015 on sales of around Eur13.5bn.

Managing board chairman, Klaus Engel said: “Our intention to raise the dividend is also coupled with the confidence that we can shape the new fiscal year successfully.”