Dáil Éireann Debate, Tuesday - 14 February 2023
906. Deputy Matt Carthy asked the Minister for Agriculture, Food and the Marine when the dividend policy of Coillte was last reviewed; the outcome of such review; when the next review is likely to take place; and if he will make a statement on the matter. [6830/23]
Amharc ar fhreagraCoillte’s dividend policy focuses on delivering a material financial dividend to shareholders based on the optimal use of the significant commercial assets, in particular forests, vested in the company by the state.
The dividend policy was last reviewed in 2019 and provides for a dividend payment of 20% to 30% of normalised profits each year, which has formed the basis for all dividend payments to date. The 2022 Shareholder Letter of Expectation noted that the dividend policy was expected to be reviewed. This review is currently under way and will conclude later this year.
