Dividend policy (since February 2015)
Dividend per share (euros) - Fiscal year
|Dividend ex-date||Wednesday May 2, 2018|
|Date of approval of the positions||Thursday May 3, 2018|
|Dividend payment date||Friday May 4, 2018|
Fiscal year 2016
|Dividend ex-date||Monday May 8, 2017|
|Date of approval of the positions||Tuesday May 9, 2017|
|Dividend payment date||Wednesday May 10, 2017|
Fiscal year 2015
|Dividend ex-date||Thursday May 5, 2016|
|Date of approval of the positions||Friday May 6, 2016|
|Dividend payment date||Monday May 9, 2016|
The 2017 fiscal year dividend of 2.20 Euros per share will be submitted to shareholders’ vote on April 24 2018.
The dividend is up +8% compared to previous year and represents a pay-out ratio of more than 50% of adjusted net income. The distribution will be paid out of net profit of the year and through issue premiums. For individual shareholders resident for tax purposes in France, the distribution of 2.20 Euros per share is subject to two separate tax statements :
- up to 0.19 Euro, the dividend constitutes distributed income. As such, a social security tax of 17.2% will be charged on the gross amount when paid. The gross amount of French-source dividends received by resident individuals will also be subject to a mandatory non-definitive withholding tax of 12.8%.
- in the amount of 2.01 Euros, the distribution constitutes a capital repayment. As such, it is not subject to income tax pursuant to article 112-1 of the French Tax Code, as all profits and reserves other than the legal reserve have been previously distributed.
Shareholders are invited to contact their usual advisors for further information about the applicable tax regime.