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Dividend

Michelin’s commitment to its shareholders.

CHANGE IN DIVIDEND PER SHARE FOR THE PERIOD

At the Annual General Meeting held on May 16, 2025, shareholders approved the payment of a €1.38 dividend per share for the 2024 fiscal year, representing a 2.2% increase compared to the previous year. This dividend corresponds to a payout ratio of 52% of net income. This decision reflects the Group’s confidence in its ability to successfully execute its strategic plan, Michelin In Motion, while continuing to deliver sustainable value to its shareholders.

PAY-OUT RATIO OF CONSOLIDATED NET INCOMES

PAY-OUT RATIO OF CONSOLIDATED NET INCOMES
Payout ratio
in 2024+52.1%
in 2023+48.7%
in 2022+44.4%
in 2021+43.5%
in 2020+65.3%
in 2019+20.6%

2025 Calendar
May 16, 2025: Annual General Meeting
May 23, 2025 : Dividend payment

PRACTICAL INFORMATION

  • If your shares are directly registered with the Company (nominatif pur), the dividend will be paid automatically by Société Générale Securities Services, without any fees.

  • If your shares are indirectly registered (nominatif administré), the dividend will be paid by the bank or broker managing your account, under its own terms and conditions.

  • If ownership rights are divided between usufructuaries and bare owners (démembrement), the dividend will be paid to the usufructuaries.In the case of ownership in common (indivision), the dividend will be paid to each tenant in common pro-rata to his or her percentage of ownership.

Becoming a shareholder

Join an extraordinary human adventure that began more than 130 years ago with an innovative Group, leader in sustainable development. 

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