Dividend / Distribution

2015 Dividend
On April 17, 2015, the Shareholder meeting has approved the proposed resolution for the payment of an ordinary dividend with respect to 2014 of €1 per share, comprising €0.20 relative to the Group’s business performance and a €0.80 return to shareholders as a result of asset disposals.

Payment calendar:
- ex date: April 21, 2015
– payment date: April 23, 2015

 

In € 2009 2010 2011 2012 2013 2014
Net dividend per share
/ Distribution
€1.40 €1.40 €1.00 €1.00 €1.00* €1.00
Date of
Payment

May 11, 2010 May 10, 2011 May 9, 2012 May 17, 2013 June 30, 2014 April 23, 2015
TOTAL PAYMENT
(€ m)

1,721 
(1)
1,731 
(1)
1,245
(1)
1,325
(1)
1,348
(1)
1,352
(1)

 * Ordinary distribution
(1)Corresponds to number of shares ranking for dividend as of January 1st, after deduction of treasury held at the dividend payment date.

 

Distribution policy

On the one hand, in a press release issued on February 27, 2015, Vivendi confirmed that the objective is to maintain this distribution level for the fiscal years 2015 and 2016.

On the other hand, Vivendi stated in a press release issued on April 8, 2015, the Management Board decided that, further to the completion of the divestments of GVT and the residual stake held in Numericable-SFR, it will convene a General Shareholders’ Meeting with a view to proposing to shareholders the additional distribution of €2 per share, with €1 to be paid out in Q4 2015 and €1 in Q1 2016.

These distributions are to be added to Vivendi’s existing commitment to pay out a €1 ordinary dividend per share, in both financial years 2016 and 2017. The Management Board and the Supervisory Board confirm their commitment to this €1 dividend.

Furthermore, Vivendi will review the possibility to propose additional distributions if its acquisition strategy were to require less cash than anticipated over the next two years.

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