Share and Shareholding

Dividend policy

Thales’ dividend policy has demonstrated a strong commitment to shareholders’ returns. This policy targets sustainable growth in the dividend within a payout ratio of 40%.

The distribution of a dividend of €3.70 per share for the financial year 2024 was approved by the Annual General Meeting of Thales held on 16 May 2025. This level corresponds to a payout ratio of 40% of the Adjusted Net Income, Group share, per share.

An interim dividend of €0.85 per share was paid on 5 December 2024 and taken from retained earnings. The balance of the dividend amounting to €2.85 per share was paid fully in cash on 22 May 2025. 

Dividends are paid to the holder of the share according to law and the articles of association. The Company uses the Euroclear direct payment procedure, which allows each shareholder to receive the dividend on the payment date.

In accordance with new article 158-3-2 of the French tax code, the dividend qualifies for the 40% reduction applicable to individual shareholders resident in France for tax purposes. This reduction is not applicable to other shareholders.

*An interim dividend is usually paid in December of the year N and the balance of the dividend is usually paid in May of the following year, after the approval of the AGM.  

Thales share

Listing

The Thales share is listed on Euronext Paris (Compartment A).  

It is also eligible to the SRD deferred settlement system.

Code & tickers

• ISIN Code: FR0000121329
• Reuters: TCFP.PA
• Bloomberg: HO FP

Share indices

The Thales share is included in many market indices, including: CAC 40, CAC 40 ESG, CACSBT1.5, SBF120, CAC Industrials, EN VIGEO EUR 120, Euronext 100, DJ Eurostoxx, FTSE Euro 300. 

Analysts' coverage