The dividend is the shareholder payment distributed from annual net profit and/or from retained earnings or reserves.
Its payment and amount are determined at the Shareholders’ Meeting at the proposal of the Board of Directors, following approval of the annual financial statements and allocation of income. The dividend payable in respect of the 2013 fiscal year has been set at €1.50 per share.
*Subject to the approval of the Yearly General Assembly scheduled for April 28th, 2015
2014-2016 dividend policy
The Group has introduced a new dividend policy based on a payout ratio of 65% – 75% of Net recurring income, Group share, with a minimum of €1 per share payable in cash, and payment of an interim dividend.
Combined with the accelerated investment program, this new dividend policy is designed to boost the growth potential of the Group and create greater long term value for shareholders.
The Group will pay a dividend of 1 euro in cash for 2014*. An interim dividend of 0.50€ per share was payed October 15th, 2014, the dividend balance of 0.50€ per share will be paid May 5th, 2015 (ex-dividend date of April 30th, 2015).*Subject to the approval of the Yearly General Assembly scheduled for April 28th, 2015
Shareholder loyalty policy
At the Shareholders’ Meeting held on April 28, 2014, shareholders approved the introduction of a 10% higher dividend payable to every shareholder whose holding has been registered (fully or administered) continuously for at least two fiscal years on the dividend payment date.
This policy is designed to reward the loyalty of shareholders who share the long-term ambitions of the Group.
This increased dividend will apply for the first time to the 2017 payment of the dividend for the 2016 fiscal year, for the shares registered since December 31, 2014. This will be subject to an upper limit of 0.5% of equity capital per shareholder.
The shares registered since December 31, 2014 will carry the specific code ISIN FR0012333151 (2017 loyalty code).
The "traditional" ISIN of GDF SUEZ securities: FR0010208488