Dáil Éireann Debate, Tuesday - 21 February 2023
723. Deputy Sean Sherlock asked the Minister for Agriculture, Food and the Marine if he will provide a schedule of dividends paid by Coillte to the Exchequer from the year of its establishment, 1988, until the end of the last calendar year, 31 December 2022. [8197/23]
Amharc ar fhreagraCoillte is a private limited company established under the Forestry Act 1988 and is operationally independent from the Department of Agriculture, Food and the Marine.
Coillte did not pay any dividends from its establishment in January 1989 up to 2008 as all profits were re-invested in the company.
Coillte’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.
A table of Dividend payments since 2008 is provided below.
|
Year to which Dividend relates |
Dividend amount (€ million) |
|
2008 |
2.6 |
|
2009 |
0 |
|
2010 |
0 |
|
2011 |
10 |
|
2012 |
2 |
|
2013 |
2 |
|
2014 |
4 |
|
2015 |
5 |
|
2016 |
6.2 |
|
2017 |
8 |
|
2018 |
15 |
|
2019 |
13 |
|
2020 |
2.3 |
|
2021 |
30 |
|
2022 |
20 (interim) |
|
Total |
120.1 |
