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% **

* Amount proposed to the shareholders' Meeting of April 16, 2015.
** Excluding the exceptional distribution of Hermès International shares, this percentage would have been 55%.