Dividend

Dividend trends

2012 2013 2014
Interim dividend 1.10 1.20 1.25
Final dividend 1.80 1.90 1.95
Total gross amount 2.90 3.10 3,20 
Payout ratio 43% 46% 29% *

* Excluding the exceptional distribution of Hermès International shares, this percentage would have been 55%.

At the Annual Shareholders’ Meeting on April 14, 2016, LVMH will propose a dividend of €3.55 per share, an increase of 11%. An interim dividend of €1.35 per share was paid on December 3 of last year. The balance of €2.20 per share will be paid on April 21, 2016.