8.1.2 Dividend and share performance
Dividend policy
The Group’s dividend policy aims to maintain an attractive and balanced return for shareholders, with a target payout ratio of around 50% of underlying net profit. A dividend premium is granted for shareholders who hold their shares in registered form for at least four years.
Below is a chart showing the dividend and pay-out ratio (Dividend per share/Underlying Earnings per share) over the last five years.
The chart shows the evolution of Sodexo’s annual dividends from 2021 to 2025. Each bar represents total dividends paid per year, distinguishing between the ordinary and exceptional components.
- FY2021:
- Ordinary dividend: €0.90.
- Exceptional dividend: €0.60.
- Ordinary dividend share: 51% of total.
- FY2022:
- Ordinary dividend: €1.80.
- Ordinary dividend share: 50% of total.
- FY2023:
- Ordinary dividend: €2.25.
- Ordinary dividend share: 50% of total.
- FY2024:
- Ordinary dividend: €2.65.
- Exceptional dividend: €6.24.
- Exceptional dividend share: 50% of total.
- FY2025: Ordinary dividend: €2.70.
- Ordinary dividend share: 50% of total.
Note: Adjusted for the Pluxee spin-off. In Fiscal 2024, the Board decided to pay a special interim dividend of 6.24 euros per share corresponding to the sale of Sofinsod, which held a 19.6% stake in Bellon SA.
For Fiscal 2025, the Board has proposed a dividend of 2.70 euros per share, corresponding to a pay-out ratio of 50%, in line with the Group's dividend policy.
Shareholders who have held their shares in registered form for at least four years consecutively will receive a dividend premium of 0.27 euro per share, capped at 0.5% of Sodexo’s share capital per shareholder.