Dividends

Dividend policy statement

In determining the level of dividend in any year, the Board considers several factors, including:

  • Earnings of the Group;
  • On-going cash requirements and prospects of the Group and its operating companies;
  • Levels of distributable reserves by operating company and efficiency of upstreaming options;
  • Dividend coverage; and
  • Its intention to distribute regular returns to its shareholders in the medium and long-term.

Full year 2018 Dividend statement

The Board is proposing a final dividend to shareholders of 16.5 euro cents per share, which brings the full year dividend to 31 euro cents per share. Given the Group’s strong cash position the Board is also proposing a special dividend of 35 euro cents per share, returning approximately €700 million to shareholders. Subject to shareholder approval at the Annual General Meeting, the final and special dividends will be paid, on July 8, 2019 to shareholders on the register on July 5, 2019.



Dividend History

Concept

Type

Payment date *

Record date

Ex-dividend date

Gross amount
(€ cents)

Withholding
(%)

Net amount
(€ cents)

Interim

Cash

07/12/2015

04/12/2015

07/12/2015

0.10

19.5

0.0805

Final

Cash

04/07/2016

01/07/2016

29/06/2016

0.10

19.0**

0.0905

Interim

Cash

05/12/2016

02/12/2016

01/12/2016

0.11

19.0

0.0891

Final

Cash

03/07/2017

30/06/2017

29/06/2017

0.125

19.0

0.10125

Interim

Cash

04/12/2017

01/12/2017

30/11/2017

0.125

19.0

0.10125

Final

Cash

02/07/2018

29/06/2018

28/06/2018

0.145

19.0

0.11745

Interim

Cash

03/12/2018

30/11/2018

29/11/2018

0.145

19.0

0.11745


* The payment date for the UK register (held as CDIs) will be approximately 10 days later than the payment date for shares held through the Spanish register. For more information please see the dividend FAQ included in the Private Shareholder section of our website.

** Spanish Withholding Tax of 19% was deducted from the 5 euro cents relating to net profit, no withholding was applicable to the 5 euro cents that relates to Share Premium.