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Shares and dividends

SHARES

 Nominal Value: 0.52 euro each
Number of outstanding shares  16,792,277,146
of which:  
Ordinary shares 15,859,786,585
Non-convertible savings shares 932,490,561
 
 Number of shares - Historical figures
 

DIVIDEND POLICY


Strong and increasing cash dividend distribution over the course of  the 2014-2017 Business Plan: 1.2bn euro paid for 2014, 2.4bn euro paid for 2015, 3bn euro paid for 2016 and 3.4bn euro of proposed dividends for 2017. In the 2018-2021 Business Plan, commitment to paying out 85% of net income as cash dividends for 2018, 80% for 2019, 75% for 2020 and 70% for 2021.  

DIVIDENDS

  Dividends paid (*) on 24 May 2017 (euro) Average stock price in 2016 (euro) "Dividend yield"
Per ordinary share 0.178 2.220 8.02%
Per savings share 0.189 2.084 9.07%
 
Market Ratios - Historical figures
(*) 0.098 per ordinary share and 0.109 per savings share out of the net income; 0.08 per share, both ordinary and savings, out of reserves.
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