Dividends

€0.31 per share, corresponding to a payout ratio of 50%, with option for the payment of the dividend balance in new shares at an issue price of €11.10 per share

A dividend of €0.31 per share for 2018, with option for the payment of the dividend balance in new shares, was proposed to the Ordinary Shareholders’ Meeting on 16 May 2019. This corresponds to a payout ratio of 50% of net income excluding non-recurring items ⁽¹⁾.

Taking into account the interim dividend of €0.15 per share paid out in December 2018, the balance of the dividend to be paid out on the 2018 fiscal year comes to €0.16 per share for shares receiving the ordinary dividend and €0.191 per share for shares receiving the loyalty dividend.

The schedule:

• ordinary and loyalty dividend ex-date on 22 May 2019;
• exercise period for payment in new shares from 24 May to 10 June 2019;
• payment date of the balance of the dividend and settlement/delivery of the shares on 18 June 2019.

If the shareholder does not exercise the option of payment in new shares between 24 May and 10 June 2019, he or she will receive the balance of the dividend in cash on the date of its payment, i.e. 18 June 2019.

Price of new shares: €11.10.
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 2018 and with a 10% discount rate, rounded to the next cent.

(1) Adjusted for interest payments on hybrid issues booked in equity.

Payment of an interim cash dividend of €0.15 per share for 2018 fiscal year

EDF’s Board of Directors met on 6 November 2018 and decided to pay an interim cash dividend of €0.15 per share for 2018 fiscal year.
This interim dividend will have an ex date on 6 December 2018 and a payment date on 10 December 2018.