The General Shareholders’ Meeting called to approve the 2023 financial statements on May 29, 2024, will be asked to allocate distributable earnings, which consist of:
I.e. a total of euro 864,660,324 distributed to shareholders (based on a dividend of euro 3.40 per share and 254,311,860 shares, including treasury shares, as of December 31, 2023).
| Dividend paid for the financial year | Number of shares that received dividends (1) | Unit dividend (in euros) | Total payout (in millions of euros) | Share price at December 31 (in euros) | Yield |
|---|---|---|---|---|---|
| 2019 | 2019 Number of shares that received dividends (1)240,437,061 |
2019 Unit dividend (in euros)1.15 (2) |
2019 Total payout (in millions of euros)276.5 |
2019 Share price at December 31 (in euros)40.36 |
2019 Yield 2.85% |
| 2020 | 2020 Number of shares that received dividends (1)247,769,038 |
2020 Unit dividend (in euros)2.00 |
2020 Total payout (in millions of euros)495.5 |
2020 Share price at December 31 (in euros)40.76 |
2020 Yield 4.91% |
| 2021 | 2021 Number of shares that received dividends (1)251,129,966 |
2021 Unit dividend (in euros)2.40 |
2021 Total payout (in millions of euros)602.7 |
2021 Share price at December 31 (in euros)59.20 |
2021 Yield 4.05% |
| 2022 | 2022 Number of shares that received dividends (1)250,501,916 |
2022 Unit dividend (in euros)2.90 |
2022 Total payout (in millions of euros)737.5 |
2022 Share price at December 31 (in euros)59.42 |
2022 Yield 4.88% |
| 2023 | 2023 Number of shares that received dividends (1)254,311,860 |
2023 Unit dividend (in euros)3.40 (3) |
2023 Total payout (in millions of euros)864.7 |
2023 Share price at December 31 (in euros)84.00 |
2023 Yield 4.05% |
As part of the Sprint to the Future plan, the Groupe committed to a payout ratio of around 45%. This resulted in a dividend of euro 2.12 per share for 2018, an increase of 6% and representing 44.9% of headline diluted EPS. In 2019, it was initially planned to propose a dividend of euro 2.30 per share, representing a payout ratio of 45.8% of headline diluted earnings per share. However, in view of the global crisis caused by the Covid‑19 pandemic, it was decided to reduce the dividend planned for 2019 to euro 1.15 per share. In respect of 2020, the Groupe paid a dividend of euro 2.00 per share, i.e. a payout ratio of 46.8%, a level higher than that observed before the pandemic.
On the occasion of its annual results for 2021, the Groupe proposed to increase its dividend payout ratio, which will be between 45% and 50%. Accordingly, the Groupe paid a dividend of euro 2.40 per share for 2021 and then euro 2.90 per share for 2022, corresponding to payout ratios of 47.8% and 45.7% respectively of headline diluted earnings per share. For 2023, the Groupe will propose a dividend of euro 3.40 per share to its shareholders at the General Shareholders' Meeting of May 29, 2024. This dividend corresponds to a payout ratio of 48.9% of headline diluted earnings per share.
