The distribution policy is decided in light of the analysis, for each year, of the Company’s profits, of its financial position and of any other factors that the Board of Directors considers relevant.
Dividends that remain unclaimed five years after their payment date are time-barred and remitted to the French government.
In the 2019 annual results press release the Company had initially proposed a dividend of € 0.38 per share, i.e approximately € 45 million. In the objective of meeting the challenges of unprecedented solidarity and responsibility imposed by the current situation, the Board of Directors has proposed to exceptionally reduce the dividend to be paid on July 16, 2020 to € 0.19 per share. The difference, amounting to around 22 million euros, will be dedicated to solidarity projects.
Dividends for the past 3 years: