Dividend

Dividend trends

2013 2014 2015
Interim dividend 1.20 1.25 1.35
Final dividend 1.90 1.95 2.20
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.