India, May 9 -- Specialty chemicals company Alzchem Group AG Friday announced that shareholders approved all agenda items at its Annual General Meeting by a wide margin. The shareholders also voted in favor to increase the dividend to EUR 1.80 per share, up 50% compared to the previous year.
This dividend corresponds to a payout ratio of 33.6%, based on consolidated net income attributable to shareholders of EUR 54.1 million.
Andreas Niedermaier, CEO of Alzchem Group AG: "We can look back on a very successful fiscal year 2024, in which we met or even exceeded all forecasts. We are particularly pleased that our shareholders will also benefit from this in the form of a significantly higher dividend. Together with the considerable increase i...