Maintaining continued dividend growth and an attractive dividend yield over the long term
Over the last 15 years, GBL has:
- nearly doubled its gross dividend per share, which corresponds to a 4.6% CAGR over this period; and
- returned EUR 5.9 billion to its shareholders.
Distributable reserves amounted to EUR 10.9 billion(1) at year-end 2019.
(1) Before FY19 dividend distribution remaining subject to the approval of the General Shareholders’ Meeting to be held on April 28, 2020
Dividend per share
2019 proposed dividend distribution
The proposed dividend distribution for the 2019 financial year of a gross amount of EUR 3.15 per GBL share, which represents a 2.6% increase on the amount of EUR 3.07 paid for the previous financial year, will be submitted for approval to the Ordinary General Meeting on April 28, 2020. This dividend is equal to EUR 2.205 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 2019 financial year should amount to EUR 508.3 million compared with EUR 495.4 million in 2018. 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)
Gross dividend per share: EUR 3.15 (+ 2.6%)
Total amount: EUR 508.3 million
Coupon No. 22
Ex-dividend date of Coupon N° 22
Record date of the positions eligible for coupon n° 22
Payment date of coupon n° 22