Dividend
Michelin’s commitment to its shareholders.
CHANGE IN DIVIDEND PER SHARE FOR THE PERIOD
Voted at the Annual General Meeting on May 17, 2024, the dividend for fiscal 2023 is €1.35/share to all shareholders, and a payout ratio of 49% of net income.
It reflects the Group's confidence in its ability to deliver its Michelin In Motion strategic plan, and to raise gradually a ratio towards 50% in 2030.
PAY-OUT RATIO OF CONSOLIDATED NET INCOMES
| Payout ratio | |
|---|---|
| in 2023 | +48.7% |
| in 2022 | +44.4% |
| in 2021 | +43.5% |
| in 2020 | +65.3% |
| in 2019 | +20.6% |
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.