The distribution of the dividend allows you to share in our successes by receiving a proportion of our profits.Our policy is to distribute 50% of our net income (Group share), excluding any capital gains on disposals, retroactivity and funding for new projects.
The 2019 dividend
The 2019 dividend was approved by the Combined General Meeting of Shareholders held on 29 May 2020, which also approved an option for shareholders to receive 50% of the dividend in the form of new shares, thereby introducing a choice between receiving 100% of the dividend in cash, or 50% in new shares and 50% in cash.
- For payment in the form of shares:12 June 2020
- For payment in cash:12 June 2020
Period during which shareholders may opt to receive 50% of their dividend in the form of new shares
- Opening date:15 June 2020
- Closing date: 6 July 2020
Taxation of private individuals who have their tax residence in France
Note: the information on our website does not constitute tax advice. It is your responsibility to verify your tax situation as it pertains to payment of the dividend.
The 2019 dividend paid in 2020 both in cash and in shares is subject to the 30% flat tax regime, including 17.2% in social security tax and 12.8% in income tax. This flat tax is withheld at the source, which means that it is deducted directly from the dividend by the payer prior to payment.
Two points should be made regarding this new tax regime applicable to dividends since the beginning of 2018.
- You may opt for application of the progressive income tax scale instead of the flat tax if this method of taxation is more advantageous based on your marginal tax rate. This option is global, which means that it applies to all your dividends and other investment income received in 2018. Here again, the dividend received will have previously been subject to a 30% withholding tax, including 17.2% in social security tax and 12.8% in income tax. However, the 12.8% income tax withheld will be treated as an advance payment on the tax due in 2021 on your 2020 income. The progressive income tax scale will then be applied to the gross dividend amount less a tax abatement of 40%, and opting for this regime also allows you to benefit from the deductibility of the CSG (generalised social contribution) paid at a rate of 6.8%. If your tax in 2021 exceeds the 12.8% advance payment withheld on the dividend paid, you will need to pay the additional tax. Otherwise, the excess amount of the advance payment will be refunded to you by the tax authorities.
- Whether or not you opt for application of the progressive income tax scale, if your 2020 taxable income does not exceed certain thresholds (€50,000 for a single person or €75,000 for a couple taxed jointly), you may be exempt from the 12.8% income tax, provided you applied for this exemption at your financial institution before 30 November 2020. This exemption allows you to defer the payment of your tax (you will then pay this tax in 2019 at the time of payment of your 2020 income tax).
Dividends received on a stock savings plan are not subject to income tax. Therefore, they are only subject to the 17.2% withholding for social security tax.
The trend in dividend payments since 2011