The goal of the Michelin group’s dividend policy is to pay out ratio at least 35% of consolidated net incomes before non-recurring items.
A dividend of €3.55 per share is proposed in Respect of 2017, reflecting the Group’s commitment to shareholders and representing a payout ration of 36%. The proposed dividend will be submitted to shareholders at the Annual Meeting on May 18, 2018.
Change in dividend per share for the period
Pay-out ratio of consolidated net incomes before non recurring items
|Pay-out ratio 1||36%||36.5%||37%||41%||35%||30%||30%||30%||NS|
1 2017 dividend to be submitted to shareholder approval at the Annual Meeting on May 18, 2018
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