Share Price

Facts & figures

DVB share data (€) 2015 2014 2013 2012 2011
Business year high 25.69 25.24 25.30
25.40
26.10
Business year low 24.50 24.25 24.00
23.15 23.65
Year-end price 24.75 24.65 24.60
24.26
23.95
Number of shares at year-end 46,467,370 46,467,370 46,467,370 46,467,370 46,467,370
Market capitalisation at year-end 1.2 bn 1.2 bn 1.1 bn 1.1 bn 1.1 bn
Dividends 0.30 0.60 0.60 0.60 0.60
Dividend yield 1.21% 2.43% 2.44% 2.47% 2.51%
Payout ratio 30.5% 35.3% 33.0% 22.0% 26.1%
Basic earnings per share1 1.00 1.75 2.41 2.75 2.32

1) Adjustment of the previous year's figure due to an error correction in accordance with IAS 8.41

DVB's share price was once again stable

Despite the volatility seen on equity markets throughout the year, DVB’s share price proved to be resilient – given the described market conditions – and gratifyingly stable, reflecting above all the narrow market in which the shares trade, due to the low free float.

The DVB share price was only exposed to moderate fluctuations during the course of 2015, reaching its high for the year of €25.69 on 4 June 2015. The lowest price of €24.50 was recorded between the 12 and 18 November 2015. At the year-end, the DVB share was quoted at €24.75, equivalent to a market capitalisation of €1.2 billion.

Shareholders were paid a dividend of €0.60 per notional no-par value share from DVB Bank SE's net retained profit for 2014. The Board of Managing Directors and the Supervisory Board will propose to the Annual General Meeting on 23 June 2016 to distribute a dividend of €0.30 per notional no-par value share for the financial year 2015 (2008-2014: €0.60 per notional no-par value share).