HeidelbergCement has announced that it would increase its dividend payout ratio and consider share buybacks.
The announcement comes as the company remains on the peripheral of the mega-merger between rivals Holcim and Lafarge.
The company also revealed a strong commitment to "disciplined growth in attractive markets".
HeidelbergCement in intending on raising its dividend payout ratio to 40-45% by the close of 2019.
The company predicts a cumulative cash flow of approximately €8.8 billion between 2015 and 2019. Of the total, the company intends to invest approximately €2.5 billion in organic growth, utilise €1 billion to keep leverage low and more than €2 billion for dividends.
HeidelbergCement is targeting sales above €17 billion by 2019, an increase of at least 35% over 2014 levels.
Edited from source by Joseph Green. Source: Reuters
