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%.