In 2013, Michelin raised its dividend policy with a payout ratio increase to 35% of consolidated net incomes before non recurring items.
In 2016, a dividend of €3.25 per share is proposed, reflecting the Group’s commitment to shareholders and representing a payout ration of 36.5%. The proposed dividend will be submitted to shareholders at the Annual Meeting on May 19, 2017.
CHANGE IN DIVIDEND PER SHARE FOR THE PERIOD
Pay-out ratio of consolidated net incomes before non recurring items
|Pay-out ratio 1||36.5%||37%||41%||35%||30%||30%||30%||NS|
1 2016 dividend to be submitted to shareholder approval at the Annual Meeting on May 19, 2017
Documents to download