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.

 

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
Final
Cash 08/07/2019
05/07/2019
04/07/2019
0.165
19.0
0.13365
Special
Cash
08/07/2019
05/07/2019
04/07/2019
0.35
0***
0.35
 Interim Cash 02/12/2019 29/11/2019 28/11/2019 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.

*** The special dividend of 35 euro cents per share was paid out of the share premium reserve and no witholding tax was applicable.