Shareholders and Dividend Policy
Maximizing Value for our shareholders is a fundamental element of
building a corporate sustainability strategy. Profitability supports
growth and investment in our business and enables us to provide our
shareholders with an attractive return on their investment. Developing
a sustainable approach to our business is intended to reinforce our
value maximization objective and increase our competitiveness.
Alcan has been listed on the New York Stock Exchange for 51 years
and we have some 18,000 registered common shareholders. Alcan has
also been listed on the Toronto Stock Exchange since February 3,
1943. The Company pursues a policy of quarterly dividends. Dividend
payments, however, are determined by the Board of Directors based
on earnings from operations, capital requirements and the financial
condition of the Company. Over the past six years, Alcan's annual
common share dividend payments have been equivalent to 60 cents
per share. The common share dividend payout in 2001 was $192 million.
The following graph compares the cumulative total shareholder return
on CAN$100 invested in shares with the cumulative total return of
the Toronto Stock Index, assuming reinvestment of all dividends.
Additional comparisons are provided with respect to two U.S.- based
indices, the Standard & Poor's 500 Index and the Standard &
Poor's Metals Mining Index.
Comparison of Five-Year Cumulative Return
Year ended December 31
Per Common Share
Year ended December 31
(in US$) |
| |
|
|
| |
 |
2001 |
|
| Net income (loss) |
|
(0.01) |
| Dividends paid |
|
0.60 |
| Common shareholders' equity |
|
26.90 |
| Market price (NYSE close) |
|
35.93 |
|
