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Dividend policy | Schindler Group

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participation certificates are traded on the Swiss stock exchange since November 1, 1971.</p> </li> <li class="sc-m-navigation__item"> <a class="sc-m-navigation__item-link " data-cmp-clickable href="https://group.schindler.com/en/investor-relations/share-information/share-prices.html">Share price charts</a> <p class="sc-m-navigation__item-description">Data is delayed by at least 15 minutes. All quotes are in local exchange time.</p> </li> <li class="sc-m-navigation__item"> <a class="sc-m-navigation__item-link " data-cmp-clickable href="https://group.schindler.com/en/investor-relations/share-information/capital-structure.html">Share capital structure</a> <p class="sc-m-navigation__item-description">Learn more about our capital structure and shareholders</p> </li> <li class="sc-m-navigation__item"> <a class="sc-m-navigation__item-link sc-m-navigation__item-link--is-current-page" data-cmp-clickable href="https://group.schindler.com/en/investor-relations/share-information/dividends.html">Dividends</a> <p class="sc-m-navigation__item-description">Schindler&#39;s dividend policy is earnings-related and provides for a payout ratio of 50% to 80% of net profit attributable to shareholders of Schindler Holding Ltd.</p> </li> <li class="sc-m-navigation__item"> <a class="sc-m-navigation__item-link " data-cmp-clickable href="https://group.schindler.com/en/investor-relations/share-information/coverage.html">Coverage and consensus</a> <p class="sc-m-navigation__item-description">Schindler is covered by various analysts. 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The documents in the reporting archive are available online only. For an overview click the corresponding year.</p> </li> <li class="sc-m-navigation__item"> <a class="sc-m-navigation__item-link " data-cmp-clickable href="https://group.schindler.com/en/investor-relations/results/definition-on-non-gaap-items.html">Non-GAAP measures</a> <p class="sc-m-navigation__item-description">We include certain non-GAAP measures in our Group Review comprise, which are not accounting measures as defined by IFRS.</p> </li> </ul> <button type="button" class="sc-m-navigation__back sc-m-navigation__back--level-3"> <span class="sc-h-screenreader-only">Go back</span> <sc-e-icon class="sc-e-icon sc-m-navigation__back-icon" icon-id="sc-icon-arrow-left" aria-hidden="true"></sc-e-icon> </button> <button type="button" class="sc-m-navigation__close" title="Close navigation"> <span class="sc-h-screenreader-only">Close navigation</span> <sc-e-icon class="sc-e-icon sc-m-navigation__close-icon" icon-id="sc-icon-close" aria-hidden="true"></sc-e-icon> </button> </div> </li> <li 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href="https://group.schindler.com/en/careers/who-we-are.html">Who we are</a> <div class="sc-m-navigation__group sc-m-navigation__group--level-3"> <ul class="sc-m-navigation__group-list" aria-label="Who we are"> <li class="sc-m-navigation__item"> <a class="sc-m-navigation__item-link" data-cmp-clickable href="https://group.schindler.com/en/careers/who-we-are.html">Overview</a> <p class="sc-m-navigation__item-description">Together, we&#39;re building the future, keeping the world moving, and making our communities accessible and sustainable.</p> </li> <li class="sc-m-navigation__item"> <a class="sc-m-navigation__item-link " data-cmp-clickable href="https://group.schindler.com/en/careers/who-we-are/values.html">Our values</a> <p class="sc-m-navigation__item-description">Our values are the foundation of everything we do and allow us to remain a leading global player in the elevator and escalator industry.</p> </li> <li class="sc-m-navigation__item"> <a class="sc-m-navigation__item-link " 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href="https://group.schindler.com/en/careers/work-and-grow/professional-development.html">Professional development</a> <p class="sc-m-navigation__item-description">The key to maintaining our proud legacy of Swiss precision engineering, attention to detail, and quality is making sure that all our people – at every level – are trained and ready.</p> </li> <li class="sc-m-navigation__item"> <a class="sc-m-navigation__item-link " data-cmp-clickable href="https://group.schindler.com/en/careers/work-and-grow/leadership-growth.html">Leadership growth</a> <p class="sc-m-navigation__item-description">We strongly believe in fostering a corporate culture of continuous development and providing a platform where our employees can grow.</p> </li> <li class="sc-m-navigation__item"> <a class="sc-m-navigation__item-link " data-cmp-clickable href="https://group.schindler.com/en/careers/work-and-grow/career-development.html">Career development</a> <p class="sc-m-navigation__item-description">We prioritize career development, offering tailored paths for growth and advancement. Explore diverse roles, acquire new skills, and seize opportunities for progression within our global organization.</p> </li> <li class="sc-m-navigation__item"> <a class="sc-m-navigation__item-link " data-cmp-clickable href="https://group.schindler.com/en/careers/work-and-grow/international-careers.html">International careers</a> <p class="sc-m-navigation__item-description">International assignments are a key part of how we develop our people. Grow your career internationally with Schindler.</p> </li> <li class="sc-m-navigation__item"> <a class="sc-m-navigation__item-link " data-cmp-clickable href="https://group.schindler.com/en/careers/work-and-grow/work-life-balance.html">Work-life balance</a> <p class="sc-m-navigation__item-description">Finding the right balance between work and life can be tough. 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class="sc-m-hero-content__media-wrapper"> <sc-e-lazy-image src="/content/dam/website/global/images/services/schindler-brazil-sao-paulo.jpg/_jcr_content/renditions/original./schindler-brazil-sao-paulo.jpg" alt="A Schindler service technician on its way" srcset="/content/dam/website/global/images/services/schindler-brazil-sao-paulo.jpg/_jcr_content/renditions/original.image_file.60.34.file/schindler-brazil-sao-paulo.jpg 60w, /content/dam/website/global/images/services/schindler-brazil-sao-paulo.jpg/_jcr_content/renditions/original.image_file.320.180.file/schindler-brazil-sao-paulo.jpg 320w, /content/dam/website/global/images/services/schindler-brazil-sao-paulo.jpg/_jcr_content/renditions/original.image_file.640.360.file/schindler-brazil-sao-paulo.jpg 640w, /content/dam/website/global/images/services/schindler-brazil-sao-paulo.jpg/_jcr_content/renditions/original.image_file.1280.720.file/schindler-brazil-sao-paulo.jpg 1280w, /content/dam/website/global/images/services/schindler-brazil-sao-paulo.jpg/_jcr_content/renditions/original./schindler-brazil-sao-paulo.jpg 1920w" sizes="(max-width: 639px) 100vw, (max-width: 959px) 66vw, 50vw" loading-placeholder="/content/dam/website/global/images/services/schindler-brazil-sao-paulo.jpg/_jcr_content/renditions/original.image_file.60.34.file/schindler-brazil-sao-paulo.jpg" aspect-ratio="16:9" class="sc-e-lazy-image sc-js-lazy-image cmp-image__image " title="A Schindler service technician on its way"></sc-e-lazy-image> </div> <div class="sc-m-hero-content__box"> <div class="sc-m-hero-content__box-content"> <h1 class="sc-m-hero-content__heading"> <span class="sc-m-hero-content__headline">Dividends</span> </h1> <p class="sc-m-hero-content__description">The dividend policy is earnings-related and provides for a payout ratio of 50% to 80% of net profit attributable to shareholders of Schindler Holding Ltd.</p> </div> </div> </div> </div> <div class="container abstract_container responsivegrid aem-GridColumn aem-GridColumn--default--12"><div> <div id="container-aa20c83e94" class="cmp-container"> <div class="sc-m-core-text--wrapper"> <div class="sc-grid"> <div class="sc-grid-row"> <div class="sc-grid-col-mq1-12 sc-grid-col-mq4-10"> <div class="sc-m-core-text"> <div data-cmp-data-layer="{&#34;c01_text-0036d7a92c&#34;:{&#34;@type&#34;:&#34;schindler-aem/core/components/content/c01_text&#34;,&#34;repo:modifyDate&#34;:&#34;2021-08-11T08:29:14Z&#34;,&#34;xdm:text&#34;:&#34;&lt;h2>Information per registered share and participation certificate&lt;br />\r\n&lt;/h2>\r\n&#34;}}" id="c01_text-0036d7a92c" class="cmp-text"> <h2>Information per registered share and participation certificate<br /> </h2> </div> </div> </div> </div> </div></div> <div class="c10_table text"><div class="sc-grid" data-cmp-data-layer="{&#34;c10_table-64b0baf1c0&#34;:{&#34;parentId&#34;:&#34;container-aa20c83e94&#34;,&#34;@type&#34;:&#34;schindler-aem/core/components/content/c10_table&#34;,&#34;dc:description&#34;:&#34;&#34;}}" id="c10_table-64b0baf1c0"> <div class="sc-grid-row"> <div class="sc-grid-col-mq1-12"><table class="sc-m-table"><thead><tr><th scope="col">in CHF</th><th style=" text-align: center; " scope="col">2023</th><th style=" text-align: center; " scope="col">2022</th><th style=" text-align: center; " scope="col">2021</th><th style=" text-align: center; " scope="col">2020</th><th style=" text-align: center; " scope="col">2019</th></tr></thead><tbody><tr><td data-title="in CHF">Earnings<br /> </td><td style=" text-align: center; " data-title="2023"><strong>8.05</strong></td><td style=" text-align: center; " data-title="2022">5.67</td><td style=" text-align: center; " data-title="2021">7.70</td><td style=" text-align: center; " data-title="2020">6.72<br /> </td><td style=" text-align: center; " data-title="2019">8.04<br /> </td></tr><tr><td data-title="in CHF">Cash flow from operating activities<br /> </td><td style=" text-align: center; " data-title="2023"><strong>11.82</strong></td><td style=" text-align: center; " data-title="2022">6.40</td><td style=" text-align: center; " data-title="2021">12.21</td><td style=" text-align: center; " data-title="2020">14.71<br /> </td><td style=" text-align: center; " data-title="2019">11.03<br /> </td></tr><tr><td data-title="in CHF">Gross dividend<br /> </td><td style=" text-align: center; " data-title="2023"><strong>5.00</strong></td><td style=" text-align: center; " data-title="2022">4.00*<br /> </td><td style=" text-align: center; " data-title="2021">4.00</td><td style=" text-align: center; " data-title="2020">4.00<br /> </td><td style=" text-align: center; " data-title="2019">4.00<br /> </td></tr><tr><td data-title="in CHF">  ordinary<br /> </td><td style=" text-align: center; " data-title="2023"><strong>4.00</strong></td><td style=" text-align: center; " data-title="2022">4.00*</td><td style=" text-align: center; " data-title="2021">4.00</td><td style=" text-align: center; " data-title="2020">4.00<br /> </td><td style=" text-align: center; " data-title="2019">4.00<br /> </td></tr><tr><td data-title="in CHF">  extraordinary<br /> </td><td style=" text-align: center; " data-title="2023"><strong>1.00</strong></td><td style=" text-align: center; " data-title="2022"> </td><td style=" text-align: center; " data-title="2021"> </td><td style=" text-align: center; " data-title="2020"> </td><td style=" text-align: center; " data-title="2019"> </td></tr><tr><td data-title="in CHF">Payout ratio<br /> </td><td style=" text-align: center; " data-title="2023"><strong>62.1%</strong></td><td style=" text-align: center; " data-title="2022">70.5%</td><td style=" text-align: center; " data-title="2021">52.0%</td><td style=" text-align: center; " data-title="2020">59.5%<br /> </td><td style=" text-align: center; " data-title="2019">49.8%<br /> </td></tr></tbody></table> </div> </div> </div> </div> <div class="sc-m-core-text--wrapper"> <div class="sc-grid"> <div class="sc-grid-row"> <div class="sc-grid-col-mq1-12 sc-grid-col-mq4-10"> <div class="sc-m-core-text"> <div data-cmp-data-layer="{&#34;c01_text-6669e3eced&#34;:{&#34;@type&#34;:&#34;schindler-aem/core/components/content/c01_text&#34;,&#34;repo:modifyDate&#34;:&#34;2021-08-11T08:29:29Z&#34;,&#34;xdm:text&#34;:&#34;&lt;h2>Additional information&lt;/h2>\r\n&#34;}}" id="c01_text-6669e3eced" class="cmp-text"> <h2>Additional information</h2> </div> </div> </div> </div> </div></div> <div class="c10_table text"><div class="sc-grid" data-cmp-data-layer="{&#34;c10_table-58ff174388&#34;:{&#34;parentId&#34;:&#34;container-aa20c83e94&#34;,&#34;@type&#34;:&#34;schindler-aem/core/components/content/c10_table&#34;,&#34;dc:description&#34;:&#34;&#34;}}" id="c10_table-58ff174388"> <div class="sc-grid-row"> <div class="sc-grid-col-mq1-12"><table class="sc-m-table"><thead><tr><th scope="col">in CHF million</th><th style=" text-align: center; " scope="col">2023</th><th style=" text-align: center; " scope="col">2022</th><th style=" text-align: center; " scope="col">2021</th><th style=" text-align: center; " scope="col">2020</th><th style=" text-align: center; " scope="col">2019</th></tr></thead><tbody><tr><td data-title="in CHF million">Total dividend</td><td style=" text-align: center; " data-title="2023"><strong> </strong></td><td style=" text-align: center; " data-title="2022"> </td><td style=" text-align: center; " data-title="2021"> </td><td style=" text-align: center; " data-title="2020"> </td><td style=" text-align: center; " data-title="2019"> </td></tr><tr><td data-title="in CHF million">  Registered shares <br /> </td><td style=" text-align: center; " data-title="2023"><strong>335</strong></td><td style=" text-align: center; " data-title="2022">267</td><td style=" text-align: center; " data-title="2021">268</td><td style=" text-align: center; " data-title="2020">267<br /> </td><td style=" text-align: center; " data-title="2019">267<br /> </td></tr><tr><td data-title="in CHF million">  Participation certificates      <br /> </td><td style=" text-align: center; " data-title="2023"><strong>204</strong></td><td style=" text-align: center; " data-title="2022">163</td><td style=" text-align: center; " data-title="2021">163</td><td style=" text-align: center; " data-title="2020">163<br /> </td><td style=" text-align: center; " data-title="2019">163<br /> </td></tr><tr><td data-title="in CHF million"><strong>Total</strong><br /> </td><td style=" text-align: center; " data-title="2023"><strong>539</strong></td><td style=" text-align: center; " data-title="2022">430</td><td style=" text-align: center; " data-title="2021">431</td><td style=" text-align: center; " data-title="2020">430<br /> </td><td style=" text-align: center; " data-title="2019">430<br /> 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