Royal
Royal BAM Group
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Dividend policy

Royal BAM Group strives to distribute between 30 percent and 50 percent of the net profit as dividends on the ordinary shares. As a rule, dividends are paid out in cash.

Financial
year
Dividend per
ordinary share
Pay-out in %
net profit
Dividend
yield 1)
2008 € 0.50 42% 7.8%
2007 € 0.90 34% 5.6%
2006 € 0.45 41% 3.1%
2005 € 0.40 32% 2.8%
2004 € 0.31 31% 4.2%
2003 € 0.31 73% 7.2%

1) Based on share price at year-end