Maintaining continued dividend growth over the long term

GBL’s dividend policy is to deliver stable or gradually increasing dividends over time, as well as an attractive dividend yield to its shareholders.

Over the last 15 years, GBL has:

  • more than doubled its gross dividend per share, which corresponds to a 4.9% CAGR over this period; and
  • returned EUR 5.6 billion to its shareholders.

Based on the proposed dividend for 2018, GBL delivers a dividend yield of 4.0%. Distributable reserves amount to EUR 8.9 billion (1) at year-end 2018.

(1) Before FY2018 dividend distribution subject to the approval of the General Shareholders’ Meeting of April 23, 2019

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Dividend per share

Dividend per share

2018 proposed dividend distribution

The proposed dividend distribution for the 2018 financial year of a gross amount of EUR 3.07 per GBL share, which represents a 2.3% increase on the amount of EUR 3.00 paid for the previous financial year, will be submitted for approval to the Ordinary General Meeting on April 23, 2019. This dividend is equal to EUR 2.149 net per share (after a 30% withholding tax).

Based on the number of shares entitled to dividend (161,358,287), the total distribution for the 2018 financial year should amount to EUR 495.4 million compared with EUR 484.1 million in 2017. As a reminder, the withholding tax rate has been uniformly set at 30% for the GBL dividend since January 1, 2016 (27% for the 2015 financial year).

Evolution of the gross dividend per share over the last 10 years
(in EUR)

Evolution of the gross dividend per share over the last 10 years

Gross dividend per share: EUR 3.07 (+ 2.3%)

Total amount: EUR 495.4 millions

Coupon No. 21

30 April 2019

Ex-dividend date of Coupon N° 21

2 May 2019

Record date of the positions eligible for coupon n° 21

3 May 2019

Payment date of coupon n° 21