Dividend

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

1 2017 dividend to be submitted to shareholder approval at the Annual Meeting on May 18, 2018

Pay-out ratio of consolidated net incomes before non recurring items

Dividend policy: to pay-out at least 35% of consolidated net incomes before non recurring items
In % 2017 2016 2015 2014 2013 2012 2011 2010 2009
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

Documents to download