Oireachtas Joint and Select Committees

Tuesday, 3 December 2019

Joint Oireachtas Committee on Agriculture, Food and the Marine

Coillte Annual Report 2018: Discussion

Ms Bernie Gray:

I want to respond to Deputy Penrose in regard to the dividend issue which he raised and I will then pass over to Ms Hurley. Coillte has a dividend policy, which it has agreed with all of its stakeholders and which is that we would pay a dividend per annum of 20% to 30% of our profits. Last year was the biggest dividend that Coillte ever paid, which was €15 million, and that has increased from €2 million in 2013, so there has been a significant increase in the level of dividends.