Unilever 2001 Annual Report Download - page 119

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Unilever Annual Report & Accounts and Form 20-F 2001
>116
DIVIDENDS
Our interim ordinary dividends are normally announced in
November and paid in December. Final ordinary dividends
are normally proposed in February and, if approved by
shareholders at the Annual General Meetings, paid in
May or June.
The following tables show the dividends paid by NV and
PLC for the last five years. NV dividends are per 0.51
(1997-1998: Fl. 1) ordinary share and PLC dividends are per
1.4p (1997-1998: 1.25p) ordinary share and per depositary
receipt of 5.6p (1997-1998: 5p). Dividends have been
translated at the exchange rates prevailing on the dates of
declaration of the dividends for NV and the payment of the
sterling dividends for PLC.
For the 2001 final dividend, payable in 2002, there has been
a change in policy. The dividend will be translated into US
dollars at the rate prevailing on the date of declaration of
the dividend.
The interim dividend is normally 35% of the previous year’s
total normal dividend per share, based on the stronger of
our two parent currencies over the first nine months of the
year. Equalisation of the interim dividend in the other
currency takes place at the average exchange rate of the
third quarter. Equalisation of the final dividend takes place
at the average exchange rate for the full year.
The dividend timetable for 2002 is shown on page 119.
NV Dividends
2001 2000 1999 1998 1997
Interim dividend per €0.51 (1997-1998: Fl. 1) €0.50 €0.48 Fl. 0.88 Fl. 0.81 Fl. 0.74
Exchange rate Fl. to $ 2.1173 1.8717 1.9208
Exchange rate €to $ 0.9097 0.8646
Interim dividend per €0.51 (1997-1998: Fl. 1) (US registry) $0.454850 $0.415008 $0.415624 $0.432762 $0.385256
Normal final dividend per €0.51 (1997-1998: Fl. 1) €1.06 €0.95 Fl. 1.91 Fl. 1.70 Fl. 1.49
Special final dividend per Fl. 1 Fl. 14.50
Final exchange rate Fl. to $ 2.4725 2.0861 1.9951
Final exchange rate €to $ 0.8747 0.8827
Normal final dividend per €0.51 (1997-1998: Fl. 1) (US registry) $0.927182 $0.838565 $0.772497 $0.814918 $0.746830
Special final dividend per Fl. 1 (US registry) $6.950769
Note 1: For the purposes of illustration, the US dollar dividends shown above are those paid on the €0.51 (1997-1998: Fl. 1) ordinary
shares of NV registered in New York. The above exchange rates were those ruling on the dates of declaration of the dividend.
Note 2: The final euro dividend for 2001 is payable on 10 June 2002. The dollar dividend will be calculated with reference to the exchange
rates prevailing on 8 May 2002.
Note 3: On 10 May 1999 the share capital was consolidated on the basis of 100 new ordinary shares with a nominal value of Fl. 1.12
(now €0.51) for every 112 existing ordinary shares with a nominal value of Fl. 1.
PLC Dividends
2001 2000 1999 1998 1997
Interim dividend per 1.4p (1997-1998: 1.25p) 4.65p 4.40p 3.93p 2.95p 2.80p
Exchange rate $ to £1 1.4527 1.4622 1.6002 1.6745 1.6620
Interim dividend per 5.6p (1997-1998: 5p) $0.2702 $0.2573 $0.2515 $0.1976 $0.1861
Normal final dividend per 1.4p (1997-1998: 1.25p) 9.89p 8.67p 8.57p 7.75p 5.62p
Special final dividend per 1.25p 66.13p
Normal final exchange rate $ to £1 1.4331 1.4355 1.4732 1.5921 1.6270
Special final exchange rate $ to £1 1.5984
Normal final dividend per 5.6p (1997-1998: 5p) $0.5669 $0.4978 $0.5050 $0.4935 $0.3657
Special final dividend per 5p $4.2280
Note 1: If you are a United States resident and received dividends before 6 April 1999, under the Anglo-United States taxation treaty,
you received an amount equal to the total of the declared dividend, plus the United Kingdom tax credit less withholding tax. If you are a
United States resident and received dividends after 5 April 1999, you simply received the declared dividend; see Taxation for US residents
on page 114.
Note 2: The final sterling dividend for 2001 is payable on 10 June 2002. The dollar dividend will be calculated with reference to the
exchange rates prevailing on 8 May 2002.
Note 3: It is not possible to make a direct comparison between PLC dividends paid before and after 6 April 1999 because of the abolition
of United Kingdom ACT (Advance Corporation Tax) from that date (see note 1 above).
Note 4: On 10 May 1999 the share capital was consolidated on the basis of 100 new ordinary shares with a nominal value of 1.4p for
every 112 existing ordinary shares with a nominal value of 1.25p.