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.

Fiscal Year Total dividend payout including bonus dividend (in million euros) Number of shares eligible for dividends Dividend / share (in euros) Dividend premium / share (in euros) 
2021 294.5 147,454,887 2.00 0.20
2020 0 0 0* 0*
2019 425 147,454,887 2.90 0.29
2018 402.5 147,454,887 2.75 0.275
2017 410.7 150,830,449 2.75 0.275
2016 359.3 153,741,139 2.40 0.24
2015 335 157,132,025 2.20 0.22
2014 275.4 157,132,025 1.80 0.18
2013 247.4 157,132,025 1.62 1.16
2012 240.1 157,132,025 1.59 N/A
2011 221.1 157,132,025 1,46 N/A
* 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 for Fiscal 2020 even if the Underlying net profit was positive.

 

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