6.1.2 Share and dividend performance
Dividend policy
The Group’s dividend policy is aimed at securing long-term shareholder loyalty by regularly increasing the dividend, a dividend payout ratio of around 50% and a dividend premium for shareholders who have held their shares in registered form for an unbroken period of at least four years.
- DIVIDEND (in euro)
- PAYOUT RATIO (in %)
- Fiscal 2009 : DIVIDEND (in euro) : €1.27, PAYOUT RATIO (in %) : 50%
- Fiscal 2010 : DIVIDEND (in euro) : €1.35, PAYOUT RATIO (in %) : 51%
- Fiscal 2011 : DIVIDEND (in euro) : €1.46, PAYOUT RATIO (in %) : 49%
- Fiscal 2012 : DIVIDEND (in euro) : €1.59, PAYOUT RATIO (in %) : 46%
- Fiscal 2013 : DIVIDEND (in euro) : €1.62, PAYOUT RATIO (in %) : 56%
- Fiscal 2014 : DIVIDEND (in euro) : €1.80, PAYOUT RATIO (in %) : 56%
- Fiscal 2015 : DIVIDEND (in euro) : €2.20, PAYOUT RATIO (in %) : 48%
- Fiscal 2016 : DIVIDEND (in euro) : €2.40, PAYOUT RATIO (in %) : 57%
- Fiscal 2017 : DIVIDEND (in euro) : €2.75, PAYOUT RATIO (in %) : 57%
- Fiscal 2018 : DIVIDEND (in euro) : €2.75, PAYOUT RATIO (in %) : 63%
- Fiscal 2019 : DIVIDEND (in euro) : €2.90, PAYOUT RATIO (in %) : 64%
- Fiscal 2020 : DIVIDEND (in euro) : €0, PAYOUT RATIO (in %) : 0%
To protect the balance sheet given the severity of the Covid-19 downturn in activity, and the uncertainty as to the timing of recovery, and in solidarity with the teams, the Board has decided not to propose a dividend distribution for Fiscal 2020. Accordingly, no dividend premium will be distributed either .