Key data of the K+S share
The K+S share continues to be listed on the regulated market of all German stock exchanges.
In addition to being listed on European stock exchanges, the K+S share is traded on the OTC market (Over The Counter, OTC) in the United States in the form of a sponsored ADR program.
You can find the baseline data and additional general information here.
|No-par value shares
|Number of shares issued
|Securities identification number
|all stock exchanges in Germany
|Ticker symbol Bloomberg
|SDF GR or SDF GY
|Ticker symbol Reuters
|Product code for stock option EUREX
|Product code for stock option Bloomberg
|SDF GR Equity CT
|Product code for stock option Reuters
We would like to point out that the search for K+S share prices in relevant financial portals or mobile phone applications (e.g. iPhone) may lead to difficulties with the "+" sign. This can easily be avoided by using our stock exchange abbreviation "SDF". We will be happy to help you with any questions you may have.
K+S sets guiding principles for attractive shareholder participation
In November 2023, K+S published the revision of the distribution policy for future decisions on the participation of shareholders in the Company's success: In future, the amount of the shareholder participation in K+S's corporate success will generally be based on the adjusted free cash flow (operative, excluding special effects). This key figure already takes into account the investments to optimize our existing business in terms of total shareholder return. K+S aims to return 30% to 50% of the adjusted free cash flow generated annually to shareholders. Capital is returned in the form of a dividend, which can be combined with a share buyback, if applicable. The possible combination of both instruments also aims to counteract large fluctuations in the annual dividend.
The following factors are applied in determining the exact percentage of adjusted free cash flow:
+ Expected business development
+ Balance sheet structure
+ Expected development of capital expenditure
Furthermore, K+S wants to maintain a strong balance sheet and generally strives for a maximum leverage ratio (net debt/EBITDA) of 1.5x.
Historical overview of changes in share capital
You can view changes in the capital share here.
Shareholder structure characterized by high free float
According to the free float definition of Deutsche Börse AG, the free float of K+S Aktiengesellschaft is 100% (as at December 31, 2022).
The following shareholders have notified us of shareholdings above the statutory reporting thresholds:
American Depositary Receipt (ADR)
The K+S ADR program offers US investors the opportunity to acquire shares in K+S. Since the ADRs are listed in US dollars and the dividends are also paid in US dollars, the structure is essentially similar to American shares. Two ADRs are each based on one K+S share. The ADRs are traded in the form of a "Level 1" ADR program on the OTC (over the counter) market.
|2 ADRs = 1 share
The ADR program is manged by the the Bank of New York Mellon.
Additional information can also be found on the OTC website.