Dividend policy
The dividend distribution policy aims to maintain a balance between business growth and shareholder remuneration. The dividend is usually distributed once a year after approval by the Shareholders' Meeting.
Dividends paid
| Fiscal Year | Dividend paid (million) | Dividend per share | Payout Ratio | Ex-dividend Date | Payment Date | Share Capital |
|---|---|---|---|---|---|---|
| 2023 | € 43.55 | € 0.28 | 21.6% | 20/05/2024 | 22/05/2024 | € 159,120,000 |
| 2022 | € 34.21 | € 0.22 | 21.1% | 22/05/2023 | 24/05/2023 | € 159,120,000 |
| 2021 | € 27.99 | € 0.18 | 24.9% | 23/05/2022 | 25/05/2022 | € 159,120,000 |
| 2020 | € 22.28 | € 0.14 | 21.8% | 17/05/2021 | 19/05/2021 | € 159,120,000 |
| 2019 | € 22.28 | € 0.14 | 26.7% | 18/05/2020 | 20/05/2020 | € 159,120,000 |
| 2018 | € 22.28 | € 0.14 | 17.5% | 20/05/2019 | 22/05/2019 | € 159,120,000 |
| 2017 | € 15.91 | € 0.10 | 22.3% | 21/05/2018 | 23/05/2018 | € 159,120,000 |
| 2016 | € 15.91 | € 0.10 | 23.7% | 22/05/2017 | 24/05/2017 | € 159,120,000 |
| 2015 | € 15.91 | € 0.10 | 23.6% | 23/05/2016 | 25/05/2016 | € 159,120,000 |
| 2014 | € 15.91 | € 0.10 | 22.2% | 18/05/2015 | 20/05/2015 | € 159,120,000 |
| 2013 | € 12.73 | € 0.08 | 31.7% | 19/05/2013 | 22/05/2013 | € 159,120,000 |
| 2012 | € 6.36 | € 0.04 | 38.7% | 20/05/2013 | 23/05/2013 | € 159,120,000 |
| 2011 | € 6.36 | € 0.04 | 210.4% | 21/05/2012 | 24/05/2012 | € 159,120,000 |
| 2010 | € 9.55 | € 0.06 | 102.2% | 23/05/2011 | 26/05/2011 | € 159,120,000 |
| 2009 | € 9.55 | € 0.06 | 32.0% | 24/05/2010 | 27/05/2010 | € 159,120,000 |
| 2008 | € 12.73 | € 0.08 | 19.5% | 18/05/2009 | 21/05/2009 | € 159,120,000 |
| 2007 | € 19.09 | € 0.12 | 13.6% | 19/05/2008 | 22/05/2008 | € 159,120,000 |
| 2006 | € 15.91 | € 0.10 | 13.9% | 21/05/2007 | 24/05/2007 | € 159,120,000 |
| 2005 | € 13.53 | € 0.085 | 12.4% | 15/05/2006 | 18/05/2006 | € 159,120,000 |
| 2004 | € 11.14 | € 0.07 | 16.5% | 02/05/2005 | 05/05/2005 | € 159,120,000 |
| 2003 | € 9.55 | € 0.06 | 15.8% | 17/05/2004 | 20/05/2004 | € 159,120,000 |
| 2002 | € 9.55 | € 0.06 | 21.1% | 26/05/2003 | 29/05/2003 | € 159,120,000 |
| 2001 | € 9.55 | € 0.06 | 21.8% | 20/05/2002 | 23/05/2002 | € 159,120,000 |