Shareholders to sue KLM over dividends

Shareholders’ lobby group VEB is planning to sue KLM because dividend payouts to shareholders are too small.

‘Since 2004, KLM has been paying out a much smaller part of its profits to shareholders than its operational performance justifies,’ the VEB said in a statement.
KLM paid a dividend of €0.58 per share in 2007-2008, or 9% of profit. Other airlines paid out an average of 50% of profit, according to the VEB.
The claim is for an extra €5.64 per share, leaving KLM with a total of €264m in dividends to pay.
A KLM spokesman told Reuters the company had not yet received the lawsuit, but would not comment further.

Thank you for donating to

We could not provide the Dutch News service, and keep it free of charge, without the generous support of our readers. Your donations allow us to report on issues you tell us matter, and provide you with a summary of the most important Dutch news each day.

Make a donation