2.9.1. Stock market information
During 2013 the DIA share rose 35.1% versus 21.4% of the IBEX35 in the same period and the 15.6% of Bloomberg Food Retail Index. The minimum price in that period was set on 3 January 2013, when the stock closed at EUR5.018, while the maximum price was set on 21 October 2013, when the stock closed at EURO6.99 per share.
2.9.2. Dividends Policy
The DIA Group has defined a Dividends Distribution Policy which consists on the distribution to its shareholders up to the 50% of the underlying net profit.
Since Distribuidora Internacional de Alimentación S.A., parent company of the Group, started to be listed on the stock market on 5 July 2011, has distributed two sole ordinary dividends under exercises 2011 and 2012. The gross amount of these dividends was of EUR0.11 per share (distributed on 1 July 2012) and EUR0.13 (distributed on 16 July 2013), representing a pay-out of the adjusted net income of 47.8% and 46.5% respectively.
The Board of Directors will propose to the General Meeting of Shareholders, the distribution of EUR0.16 per share, an amount 23.1% higher than the dividend of EUR0,13 per share paid the past 16th July 2013 by the 2012 profit. This dividend represent a pay-out of 45.3% over the Underlying net profit and will involve the payment of about EUR103m of dividends to shareholders.
2.9.3. Other information
The DIA Group’s Corporate Governance Report is part of the Director’s Report and is available at www.diacorporate.com, and published as price-sensitive information on the CNMV (Spanish National Securities Market Commission) website.
On 6 May 2013, the Board of Directors of DIA adopted the Corporate Social Responsibility General Policy. In response to the double objective of contribution to the social welfare and the minimization of negative impacts of its activity on the environment, it adopted eight principles. These principles are available at www.diacorporate.com.