Capital Allocation policy
The Group has set its annual payout ratio at a minimum of 20% of the Group's net income with a minimum annual dividend set at a floor of €0.50 dividend per share. The dividend is paid in cash and in one instalment.
Following the approval of the General Meeting of 16 June 2022, the 2021 dividend will be paid in cash, in one instalment, on 8 August 2022 (ex-dividend date: 4 August 2022). The amount of the dividend is €0.55.
The General Meeting of Shareholders approved the dividend amount of €0.50 on 1 July 2021. The cash payment was made in one instalment on 9 August 2021 (ex-dividend date: 4 August 2021).