During its meeting of 25 February 2020, the board of Directors decided to propose the distribution of a dividend of €2.65 per share for the 2019 financial year, an increase of 27% on 2018, corresponding to an adjusted net income per share pay-out ratio of 40 % (37.5% in 2019).
The Annual General Shareholders’ Meeting on 6 May 2020 has approved the distribution of a dividend of €2.65 per share.
During its meeting of 6 April 2020, the Board of Directors decided to modify its 2019 dividend proposal, in a spirit of responsibility vis-à-vis all Group stakeholders, and in order to preserve funding capacity if the Covid-19 crisis were to last.
In consequence, the dividend approved by the 6 May 2020 Annual General Meeting was be limited to the interim dividend of €0.60 per share already paid in December 2019, allowing the Group to avoid a cash outflow of around €430 million.
The Board of Directors of Thales, meeting on 30 September 2020 under the chairmanship of Patrice Caine, decided to distribute an interim cash dividend of €0.40 per share for the current 2020 financial year. The ex-dividend date was set at 1st December 20éà and the interim dividend was paid as from 3 December 2020.
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.