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FCC's Board of Directors proposes a dividend of 1.43 euro per share

31/05/2011

FCC's Board of Directors proposes a dividend of 1.43 euro per share

The Board of Directors of FCC will propose to the General Shareholders Meeting, on 1 June in Barcelona, the payment of a supplementary dividend of 0.715 euro per share; combined with the interim dividend of the same amount that has already been paid, this will bring total remuneration to 1.43 euro per share.
FCC's Board of Directors proposes a dividend of 1.43 euro per share

This remuneration, which is on par with last year, represents a pay-out of 59% and makes FCC one of the most attractive stocks in the Ibex 35, with a yield of 7.27% (calculated on the share price at 31 December 2010).

The shareholders will also be asked to authorise the issuance of non-convertible bonds at one or more times in the next four years, for up to 1.5 billion euro. This measure is part of FCC's strategy to further diversify its funding sources.

The Board of Directors will propose the reappointment of company Dominum Desga as proprietary director.

Other items on the agenda include a proposal to reappoint Deloitte as auditor and to approve the financial statements and directors' report for 2010, when the Group obtained net profit of 301 million euro, an increase of 1.8% year-on-year.

Shareholders will also be asked to amend the Articles of Incorporation and the Rules of the General Meeting with a view to adapting them to the changes in the legislation regarding companies.

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