The positive surprise is the 6% increase in the dividend (from €1.75 to €1.85 per share). We were expecting OMV to focus on deleveraging after the Borealis deal. Indeed, the group’s gearing is 41% after the Borealis transaction, way above the 30% target. It seems that management is more confident on the macro environment and on the pace of the divestment programme.
05 Feb 2021
Q4: dividend increases despite the gearing
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Q4: dividend increases despite the gearing
The positive surprise is the 6% increase in the dividend (from €1.75 to €1.85 per share). We were expecting OMV to focus on deleveraging after the Borealis deal. Indeed, the group’s gearing is 41% after the Borealis transaction, way above the 30% target. It seems that management is more confident on the macro environment and on the pace of the divestment programme.