Henkel AG & Co. KGaA Vz (Preferred Shares)

Henkel AG & Co. KGaA Vz (Preferred Shares) are the preferred shares of Henkel AG & Co. KGaA, a global leader in adhesives technologies and consumer brands, publicly listed since October 1985. These shares grant holders the same rights as ordinary shares except for voting rights, compensated by priority in profit distribution through a higher preferential dividend payout. In cases where the full dividend is not paid for two consecutive years, latent voting rights activate. Henkel operates two main segments: consumer goods, including laundry care brands like Persil and beauty products like Schwarzkopf, accounting for about 50% of sales; and adhesives technologies for packaging, mobility, electronics, and construction, comprising the other half. With sales distributed across Europe (37%), North America (28%), and Asia-Pacific (16%), these shares offer higher liquidity than ordinary shares, predominantly held by international institutional investors. Founded in 1876 and headquartered in Düsseldorf, Germany, Henkel's preferred shares play a key role in providing stable income in the consumer defensive and household products sectors.