For 2025, the Board of Directors is proposing a dividend of CHF 6.00 per share for approval at the Annual General Meeting. If the dividend proposal is approved by the shareholders, the
dividend payment on the shares will amount to CHF 713 million with a payout ratio of 81 per cent (2024: 83 per cent) of the earnings for the year attributable to the equity holders of the Company. Based on the share price at year-end 2025, the dividend yield on the Company’s share is 4.8 per cent (2024: 4.8 per cent).
| Share price and market capitalisation | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Share price (in CHF) | 171.25 | 207.80 | 289.80 | 215.20 | 294.40 |
| Market capitalisation (in CHF million) | 20,679 | 25,093 | 34,995 | 25,986 | 35,550 |
| in CHF per share | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Increase/(decrease) of share price year over year | –36.55 | –82.00 | 74.60 | –79.20 | 93.60 |
| Dividend per share paid* | 8.25 | 10.00 | 14.00 | 10.00 | 4.50 |
| Total return | –28.30 | –72.00 | 88.60 | –69.20 | 98.10 |
| Dividend yield in per cent | 4.8 | 4.8 | 4.8 | 4.6 | 1.5 |
in CHF
* 2024 includes an extraordinary distribution from capital contribution reserves of CHF 1.75 per share.
in per cent