More information about the dividend policy of PostNL: | PostNL decided to retain upon demerger a 29.9% financial stake in the ordinary shares of Express to allow for a positive equity in its statutory balance sheet and a reduction of net debt levels appropriate for a BBB+ / Baa1 targeted credit rating post-demerger as determined based on its strategic business plans to 2015 which include new initiatives close to the core activities of PostNL |