Dividend

Dividend distribution policy

The dividend distribution policy is determined by EDF’s Board of Directors.
It takes into account the Group’s investment needs, the economic context and any other factor considered to be relevant.

Taxation of dividends paid as of January 1, 2018

The following is provided for informational purposes only. Shareholders are advised to contact the tax authorities or consult with their usual tax advisers for information regarding their specific tax situation.

Total dividend for 2017 fiscal year: €0.46 per share, with an option of payment in new shares at €10.23 per share

A dividend of €0.46 per share for the 2017 fiscal year with an option of payment in new shares was proposed at the General shareholder’s meeting of 15 May 2018 and approved.

This corresponds to a payout ratio of 60% of net income excluding non-recurring items1. Taking into account the interim dividend of €0.15 per share paid out in December 2017, the balance of the dividend to be distributed for the 2017 fiscal year amounts to €0.31 per share conferring entitlement to the ordinary dividend and €0.356 per share conferring entitlement to the loyalty dividend.

The schedule:

25 May 2018: ordinary and loyalty dividend ex-date
25 May to 11 June 2018 inclusive: exercise period for payment in new shares
19 June 2018: payment date of the balance of the dividend and settlement/delivery of the shares

Price of new shares: €10.23. This price is the average of the opening price of EDF’s shares during the 20 trading days prior to the Shareholders’ Meeting, less the outstanding balance of the final dividend to be distributed for 2017 and with a 10% discount rate, rounded to the next cent.

1Adjusted for the remuneration of hybrid bonds accounted for in equity
 

Payment of dividends

The dividend is attached to a share.
As this is a cash payment, there is no specific procedure to follow; the dividend is credited by your financial intermediary straight into the bank account associated with your share account.

A 10% dividend increase for loyal shareholders

In 2011, the Annual General Meeting adopted the amendment to the articles of EDF with the implementation of a "loyalty bonus" of 10% for shareholders holding their shares in registered form (pure or administered) for at least 2 calendar years continuously.
  • Provision limited to 0.5% of the capital for a single shareholder, at the closing date of the previous financial year
  • The first "loyalty bonus" of 10% has been awarded in 2014 for the dividend distributed for the year 2013
  • The registration of shares in registered form (pure or administered) will have to be effective on 31 December 2016 at the latest to receive the loyalty bonus, which will be provided in respect of the financial year ended on 31 December 2018, in 2019

For further information on this topic

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