|Total gross amount||3.10||3,20||3.55|
|Payout ratio||46%||29% *||50%|
* Excluding the exceptional distribution of Hermès International shares, this percentage would have been 55%.
At the Annual Shareholders’ Meeting on April 13, 2017, LVMH will propose a dividend of €4 per share, an increase of 13%. An interim dividend of €1.40 per share was paid on December 1 of last year. The balance of €2.60 per share will be paid on April 21, 2017.