AkzoNobel and the capital markets
In the latter part of the year, we opened a new EMEA Planning Hub in the Barcelona Free Zone in Spain to centrally plan and manage the production of coatings for 30 factories and 125 warehouses in Europe. The opening of the new logistics center created 65 jobs in addition to the existing workforce of 560 employed at the location, where AkzoNobel has its Spanish headquarters.
Shares
AkzoNobel’s common shares are listed on Euronext Amsterdam. We’re included in the AEX Index, which consists of the top 25 listed companies in the Netherlands, ranked on the basis of their turnover in the stock market and free float. During 2021, 136 million AkzoNobel shares were traded on Euronext Amsterdam (2020: 203 million).
We have a sponsored level 1 American Depositary Receipt (ADR) program and ADRs can be traded on the international OTCQX platform in the US. See the table below for stock codes and ticker symbols.
Euronext ticker symbol |
AKZA |
|---|---|
ISIN common share |
NL0013267909 |
OTC ticker symbol |
AKZOY |
ISIN ADR |
US0101995035 |
AkzoNobel has 100% free float and a broad base of international shareholders. Based on an independent shareholder analysis, the “Distribution of shares” chart (near the bottom of this page) shows the geographical spread of institutional shareholders, of which the majority are based in the US (50%) and the UK (19%). Around 4% of the company’s share capital is held by private investors, many of whom are resident in the Netherlands. Approximately 42% of the company’s share capital was held by ESG investors* at year-end 2021, compared with 41% in 2020.
- Core sustainable and responsible investor firms where 100% of equity assets are managed with an environmental, social and governance (ESG) approach
- Sustainable and responsible investor themed funds managed by a broad range of sustainable and responsible investors
AkzoNobel achieved the highest possible rating (AAA) from MSCI for the sixth consecutive year.
Following 2021 reviews, we were included in a number of leading sustainability indices and continue to be the reference in the paints and coatings industry. For example, we achieved the highest possible rating (AAA) from MSCI for the sixth consecutive year. Please refer to the Sustainability statements for a full overview of external sustainability ratings.
|
2019 |
2020 |
2021 |
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|---|---|---|---|---|---|---|---|---|---|
Year-end (share price in €) |
90.69 |
87.86 |
96.50 |
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Year-high (share price in €)2 |
91.86 |
91.60 |
107.80 |
||||||
Year-low (share price in €)2 |
69.12 |
48.50 |
83.50 |
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Number of shares outstanding at year-end (in millions)3 |
200 |
191 |
182 |
||||||
Market capitalization at year-end (in € billions) |
18.1 |
16.7 |
17.5 |
||||||
Dividend per share (in €) |
1.90 |
1.95 |
1.98 |
||||||
Dividend yield (in %)3 |
2.1 |
2.2 |
2.1 |
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|
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Share price performance 2021
AkzoNobel share price in €
The AkzoNobel share price was up 9.8% at year-end 2021, compared with year-end 2020 (see Share price performance graph on the opposite page).
At year-end 2021, AkzoNobel was covered by 25 equity brokers, of which the majority had a “Buy” recommendation. An overview of analyst recommendations is shown in the graph above.
Distribution of shares 2021
in %
Analyst recommendations
Europe, Middle East and Africa.