Dividend and capital

Dividends distribution policy

2018 dividend

Confident in the dynamics and strength of the Group's financial structure, the Board of Directors will propose to the 2019 Annual General Meeting the payment of a dividend of € 0.70 per share for the 2018 financial year. This dividend increase of 5 euro cents will be included in the interim dividend (€ 0.30 per share), which is expected to be paid on 6 December. The ex-dividend date is December 4, 2018 and the registration date is December 5, 2018.

2017 dividend

The General Meeting of May 4, 2018 decided to pay the shareholders a dividend of € 0.65 per share for the 2017 financial year. This dividend increase of 5 euro cents reflects the improvement in the Group's profitability. It also expresses the Group's confidence in the pursuit of this dynamic and the constant search for a good balance between financing the investments needed to develop the Group's business, sharing value with employees and remuneration to shareholders.

Taking into account the interim dividend of € 0.25 per share paid in December 2017, the balance of the dividend to be distributed was € 0.40 per share. It was paid in cash on June 7, 2018.

 Dividends distribution history

Fiscal year
 

 Amount per share  
 

Payment date
 

Means of payment
 

2017

0,40 €

7 June 2018

balance of dividend in cash

2017

0,25 €

7 Dec 2018

interim dividend in cash

2016

0,40 €

14 June 2017

balance of dividend in cash

2016

0,20 €

7 Dec 2016

interim dividend in cash

2015

0,40 €

23 June 2016

balance of dividend in cash

2015

0,20 €

9 Dec 2015

interim dividend in cash

2014

0,40 €

10 June 2015

balance of dividend in cash

2014

0,20 €

9 Dec 2014

interim dividend in cash

2013

0,50 €

5 June 2014

balance of dividend in cash

2013

0,30 €

11 Dec 2013

interim dividend in cash

2012

0,20 €

11 June 2013

balance of dividend in cash

2012

0,58€

12 Sept 2012

interim dividend in cash

2011

0,80 €

13 June 2012

balance of dividend in cash

2011

0,60 €

8 Sept 2011

interim dividend in cash

2010

0,80 €

15 June 2011

balance of dividend in cash

2010

0,60 €

2 Sept 2010

interim dividend in cash

2009

0,80 €

17 June 2010

balance of dividend in cash

2009

0,60 €

2 Sept 2009

interim dividend in cash

  

Changes in share capital

During the financial year 2016, the amount of capital increased to € 10,640,226,396.


Capital allocation

 Institutional investors and others legal entities allocation estimate on the basis of the TPI survey and the Nasdaq OMX analysis (31/12/2017).