Interim dividend for 2014
GDF SUEZ announces the principle of an interim dividend payment of €0.5/share for financial year 2014, to be paid October 15, 2014 1, with an October 13, 2014 ex-dividend date.
This announcement is in line with the Group’s new dividend policy announced on February 27, 2014, during the 2013 annual results presentation.
For the period 2014-2016, GDF SUEZ has committed to a dividend policy based on a payout ratio of 65-75% of net recurring income, Group share, with a minimum of €1/share payable in cash.
To reward shareholder loyalty, the Board of Directors will also recommend to shareholders establishment of a dividend increased by 10%, for shares in registered form for more than two years2. This loyalty dividend will be applied for the first time in 2017 to the dividend to be paid for fiscal year 2016 and will be capped to 0.5% of social capital for a single shareholder.
For fiscal year 2013, the Board of Directors will propose to shareholders a stable dividend, payable in cash, of €1.50/share 2, whose balance (€0.67/share euro) will be paid May 6, 2014, with an April 30, 2014 ex-dividend date. The new dividend policy, combined with the accelerated investment program, aims to strengthen the Group’s growth potential and create greater long-term value for shareholders.
1 Subject to implementation of the new settlement/delivery rule in France anticipated for October 6, 2014. Postponement of this reform would delay the payment date to October 16, 2014, instead of October 15, 2014 in compliance with current rules.
2 To be submitted for shareholder approval at the Shareholders’ General Meeting on April 28, 2014.
GDF SUEZ develops its businesses (power, natural gas, energy services) around a model based on responsible growth to take up today’s major energy and environmental challenges: meeting energy needs, ensuring the security of supply, fighting against climate change and maximizing the use of resources. The Group provides highly efficient and innovative solutions to individuals, cities and businesses by relying on diversified gas-supply sources, flexible and low-emission power generation as well as unique expertise in four key sectors: independent power production, liquefied natural gas, renewable energy and energy efficiency services.GDF SUEZ employs 147,200 people worldwide and achieved revenues of €81,3 billion in 2013. The Group is listed on the Paris, Brussels and Luxembourg stock exchanges and is represented in the main international indices: CAC 40, BEL 20, DJ Euro Stoxx 50, Euronext 100, FTSE Eurotop 100, MSCI Europe and Euronext Vigeo (World 120, Eurozone 120, Europe 120 and France 20).