Dividends
The shareholder remuneration policy
Our ambition is to pay shareholders attractive, sustainable and progressive dividends.
The strategy for the period 2015-18 focuses on cash generation and shareholder remuneration. A total of at least 5 billion euro in dividends are planned to be paid over the four years covered by the plan.
2017 dividend
On March 14, 2018 the Board of Directors resolved to distribute a dividend of 0.85 euros per share, a 6% increase (0.05 euro) over the dividend paid on 2016 (0.80 euro). The resolution has been approved by the Shareholder’s Meeting on 19 April 2018. A total of 1,330 million Euros are expected to be allocated to shareholders.
After the March 14 Board of Directors, the Generali Group CEO, Philippe Donnet, affirmed: “The excellent results confirm the validity and effectiveness of our strategic plan in this current market context. We are perfectly positioned to reach all of our objectives that we had set for 2018. It is in the light of these results that yesterday the Board of Directors formulated its proposal for the distribution of the dividend".
The dividend will be paid on 23 May 2018 with a record date for receipt of the dividend on 22 May 2018 and ex-dividend date from 21 May 2018.
Dividends in the history of Generali
Generali has always placed great importance on rewarding its shareholders. The ex-dividends paid made over the last 15 years are shown in the graph below.
Dividends per share
| 2003 | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | |
| Dividend per share (€) | 0.33 | 0.43 | 0.54 | 0.75 | 0.9 | 0.15 | 0.35 | 0.45 | 0.2 | 0.2 | 0.45 | 0.6 | 0.72 | 0.80 | 0.85 |
| 0.63* |
* The dividend in kind corresponds to 1/25 of the share and is equal to the official price of 21 May 2009, date of payment of the dividend. The unit value of the dividend distributed, cash + 1/25 of a share, amounts to 0.78 euro per share.
| Year | Dividend per share (€) | % Previous year increase | Aggregate payout (€ mln) |
% Previous year increase | Maximum aggregate payout (€ mln) | % Previous year increase | Parent Company net profit (€ mln) | % Previous year increase | Consolidated net profit (€ mln) | % Previous year increase |
|
2017 |
0.85 |
6.25 |
- |
- |
1,330.4 |
6.25 |
1,404.5 |
28.11 |
2,110 |
1.4 |
|
2016 |
0.80 |
11.11 |
1,249.4 |
11.25 |
1,249.4 |
11.25 |
1,096.2 |
17.68 |
2,081 |
2.51 |
|
2015 |
0.72 |
20.00 |
1,123.1 |
20.00 |
1,123.1 |
20.00 |
931.5 |
26.26 |
2,030 |
15.34 |
|
2014 |
0.6 |
33.33 |
934.1 |
33.33 |
934.1 |
33.33 |
737.8 |
29.57 |
1,760 |
-8.08 |
|
2013 |
0.45 |
125 |
700.6 |
125.56 |
700.6 |
124.98 |
569.4 |
335.63 |
1,915 |
2,036.80 |
|
2012 |
0.2 |
= |
310.6 |
= |
311.4 |
= |
130.7 |
-59.85 |
90 |
-89.53 |
|
2011 |
0.2 |
-55.55 |
310.6 |
-55.55 |
311.4 |
-55.55 |
325.5 |
-48.64 |
856 |
-49.70 |
|
2010 |
0.45 |
28.57 |
698.8 |
28.57 |
700.6 |
28.57 |
633,8 |
14,05 |
1,702 |
30.01 |
|
2009 |
0.35 |
133.33** |
543.5 |
167.21** |
544.9 |
157.64** |
555.7 |
-32.91 |
1,309 |
52.07 |
|
2008 |
0.15 |
-13.33 |
203.4 |
-12.8 |
211.5 |
-15.51 |
828.3 |
-40.88 |
861 |
-70.47 |
|
0.63* |
860.6* |
860.6* |
||||||||
|
2007 |
0.9 |
20 |
1,220.1 |
27.74 |
1,269.0 |
32.37 |
1,401.1 |
15.45 |
2,916 |
21.24 |
|
2006 |
0.75 |
38.89 |
955.2 |
38.64 |
958.7 |
39.15 |
1,213,6 |
32.38 |
2,405 |
25.35 |
|
2005 |
0.54 |
25.58 |
689 |
25.61 |
689 |
25.61 |
916.8 |
-9.42 |
1,919 |
15.18 |
|
2004 |
0.43 |
30.3 |
548.5 |
30.3 |
548.5 |
30.3 |
1,012.1 |
83.88 |
1,666 |
64.1 |
|
2003 |
0.33 |
17.86 |
420.9 |
17.89 |
420.9 |
17.89 |
550.4 |
166.9 |
1,015 |
234.56 |
|
2002 |
0.28 |
0 |
357.1 |
0.03 |
357.1 |
0.03 |
206.2 |
-53.35 |
-754 |
-168.58 |
|
2001 |
0.28 |
--- |
356.9 |
--- |
356.9 |
--- |
442,1 |
--- |
1,100 |
--- |
Italian GAAP consolidated net profit from 2001 to 2003; IAS-FRS consolidated net profit from 2004.
* Amount corresponding to the dividend in kind, equivalent to 1/25 of the share, according to the official price of 21 May 2009 (dividend payment date). The dividend per unit, cash + 1/25 of the share, amounts to 0.78 euro per share.
** Percentage increase in the amount distributed in cash for 2008.
|
Year of |
Date of |
Dividend |
Number of |
Total |
|
2018 |
23.05.18 |
Euro 0.85 |
1,565,165,364 |
1,330,390,559.40 |
|
2017 |
24.05.17 |
Euro 0.80 |
1,561,808,262 |
1,249,446,609.60 |
|
2016 |
25.05.16 |
Euro 0.72 |
1,559,883,538 |
1,123,116,147.36 |
|
2015 |
20.05.15 |
Euro 0.60 |
1,556,873,283 |
934,123,969.80 |
|
2014 |
22.05.14 |
Euro 0.45 |
1,556,873,283 |
700,592,977.35 |
|
2013 |
23.05.13 |
Euro 0.20 |
1,556,873,283 |
311,374,656.60 |
|
2012 |
24.05.12 |
Euro 0.20 |
1,556,873,283 |
311,374,656.60 |
|
2011 |
26.05.11 |
Euro 0.45 |
1,556,873,283 |
700,592,977.35 |
|
2010 |
27.05.10 |
Euro 0.35 |
1,556,873,283 |
544,905,649.05 |
|
2009 |
21.05.09 |
Euro 0.15** |
1,410,113,747 |
211,517,062.05 |
|
2008 |
22.05.08 |
Euro 0.90 |
1,410,015,363 |
1,269,013,826.70 |
|
2007 |
24.05.07 |
Euro 0.75 |
1,278,285,370 |
958,714,027.50 |
|
2006 |
25.05.06 |
Euro 0.54 |
1,275,899,543 |
688,985,753.22 |
|
2005 |
26.05.05 |
Euro 0.43 |
1,275,587,018 |
548,502,417.74 |
|
2004 |
27.05.04 |
Euro 0.33 |
1,275,587,018 |
420,943,715.90 |
|
2003 |
22.05.03 |
Euro 0.28 |
1,275,284,781 |
357,079,738.68 |
|
2002 |
23.05.02 |
Euro 0.28 |
1,274,863,625 |
356,961,815.00 |
|
2001 |
24.05.01 |
ITL 500 |
1,252,991,340 |
626,495,670,000 |
|
2000 |
25.05.00 |
ITL 460 |
1,252,943,669 |
576,354,087,740 |
|
1999 |
31.05.99 |
ITL 425 |
1,025,847,404 |
435,985,146,700 |
|
1998 |
20.07.98 |
ITL 385 |
1,025,811,890 |
394,937,577,650 |
|
1997 |
21.07.97 |
ITL 375 |
881,704,686 |
330,639,257,250 |
|
1996 |
22.07.96 |
ITL 375 |
801,522,393 |
300,570,897,375 |
|
1995 |
17.07.95 |
ITL 360 |
801,474,647 |
288,530,872,920 |
|
1994 |
18.07.94 |
ITL 360 |
728,577,146 |
262,287,772,560 |
|
1993 |
16.07.93 |
ITL 350 |
728,511,075 |
254,978,876,250 |
|
1992 |
16.07.92 |
ITL 335.33 |
728,511,061 |
244,291,614,100 |
|
1991 |
17.07.91 |
ITL 349.48 |
582,802,343 |
203,677,762,800 |
|
1990 |
16.07.90 |
ITL 350 |
529,816,112 |
185,435,639,200 |
|
1989 |
17.07.89 |
ITL 330 |
529,790,000 |
174,830,700,000 |
|
1988 |
18.07.88 |
ITL 600 |
208,472,862 |
125,083,717,200 |
|
1987 |
16.07.87 |
ITL 600 |
173,028,100 |
103,816,860,000 |
|
1986 |
17.07.86 |
ITL 600 |
123,092,718 |
73,855,630,800 |
|
1985 |
16.07.85 |
ITL 500 |
122,594,079 |
61,297,039,500 |
|
1984 |
17.07.84 |
ITL 325 |
122,098,100 |
39,681,882,500 |
|
1983 |
19.07.83 |
ITL 1,100 |
30,524,525 |
33,576,977,500 |
|
1982 |
16.07.82 |
ITL 1,100 |
24,419,620 |
26,869,582,000 |
|
1981 |
08.07.81 |
ITL 950 |
24,419,620 |
23,198,639,000 |
|
1980 |
21.07.80 |
ITL 750 |
24,419,620 |
18,314,715,000 |
|
1979 |
19.07.79 |
ITL 700 |
19,278,648 |
13,495,053,600 |
|
1978 |
19.07.78 |
ITL 600 |
16,457,544 |
9,874,526,400 |
|
1977 |
20.07.77 |
ITL 550 |
13,714,624 |
7,543,043,200 |
|
1976 |
19.07.76 |
ITL 500 |
13,714,624 |
6,857,312,000 |
|
1975 |
21.07.75 |
ITL 500 |
8,944,320 |
4,472,160,000 |
|
1974 |
09.07.74 |
ITL 500 |
8,944,320 |
4,472,160,000 |
|
1973 |
19.07.73 |
ITL 500 |
7,453,600 |
3,726,800,000 |
|
1972 |
19.07.72 |
ITL 450 |
7,453,600 |
3,354,120,000 |
|
1971 |
19.07.71 |
ITL 450 |
7,453,600 |
3,354,120,000 |
|
1970 |
08.06.70 |
ITL 550 |
5,324,000 |
2,928,200,000 |
|
1969 |
18.06.69 |
ITL 550 |
4,840,000 |
2,662,000,000 |
|
1968 |
19.06.68 |
ITL 1,000 |
2,420,000 |
2,420,000,000 |
|
1967 |
19.07.67 |
ITL 900 |
2,420,000 |
2,178,000,000 |
|
1966 |
08.08.66 |
ITL 850 |
2,420,000 |
2,057,000,000 |
|
1965 |
20.07.65 |
ITL 850 |
2,420,000 |
2,057,000,000 |
|
1964 |
21.07.64 |
ITL 850 |
2,420,000 |
2,057,000,000 |
|
1963 |
29.07.63 |
ITL 850 |
2,420,000 |
2,057,000,000 |
|
1962 |
22.06.62 |
ITL 850 |
2,200,000 |
1,870,000,000 |
|
1961 |
03.07.61 |
ITL 750 |
2,200,000 |
1,650,000,000 |
|
1960 |
04.07.60 |
ITL 700 |
2,000,000 |
1,400,000,000 |
|
1959 |
06.07.59 |
ITL 650 |
2,000,000 |
1,300,000,000 |
|
1958 |
07.07.58 |
ITL 600 |
2,000,000 |
1,200,000,000 |
|
1957 |
03.07.57 |
ITL 550 |
2,000,000 |
1,100,000,000 |
|
1956 |
02.07.56 |
ITL 500 |
2,000,000 |
1,000,000,000 |
|
1955 |
04.07.55 |
ITL 400 |
2,000,000 |
800,000,000 |
|
1954 |
08.07.54 |
ITL 350 |
2,000,000 |
700,000,000 |
|
1953 |
08.07.53 |
ITL 300 |
2,000,000 |
600,000,000 |
|
1952 |
07.07.52 |
ITL 250 |
2,000,000 |
500,000,000 |
|
1951 |
02.07.51 |
ITL 200 |
2,000,000 |
400,000,000 |
|
1950 |
06.07.50 |
ITL 160 |
2,000,000 |
320,000,000 |
|
1949 |
06.07.49 |
ITL 120 |
1,600,000 |
168,000,000 |
|
1948 |
22.07.48 |
ITL 60 |
1,200,000 |
72,000,000 |
|
1947 |
30.04.47 |
ITL 35 |
600,000 |
21,000,000 |
|
1946 |
11.02.46 |
ITL 31.5 |
600,000 |
18,900,000 |
|
1945 |
- |
ITL 31.5 |
600,000 |
18,900,000 |
|
1944 |
giu-44 |
ITL 35 |
600,000 |
21,000,000 |
|
1943 |
giu-43 |
ITL 35 |
600,000 |
21,000,000 |
|
1942 |
giu-42 |
ITL 35 |
600,000 |
21,000,000 |
|
1941 |
mag-41 |
ITL 35 |
600,000 |
21,000,000 |
|
1940 |
mag-40 |
ITL 35 |
600,000 |
21,000,000 |
|
1939 |
mag-39 |
ITL 175 |
120,000 |
21,000,000 |
|
1938 |
Apr-38 |
ITL 175 |
120,000 |
21,000,000 |
|
1937 |
Apr-37 |
ITL 175 |
120,000 |
21,000,000 |
|
1936 |
Apr-36 |
ITL 175 |
120,000 |
21,000,000 |
|
1935 |
Apr-35 |
ITL 175 |
120,000 |
21,000,000 |
|
1934 |
Apr-34 |
ITL 175 |
120,000 |
21,000,000 |
|
1933 |
Apr-33 |
ITL 175 |
120,000 |
21,000,000 |
|
1932 |
Apr-32 |
ITL 175 |
120,000 |
21,000,000 |
|
1931 |
Apr-31 |
ITL 175 |
120,000 |
21,000,000 |
|
1930 |
Apr-30 |
ITL 175 |
120,000 |
21,000,000 |
|
1929 |
Apr-29 |
ITL 175 |
120,000 |
21,000,000 |
|
1928 |
Apr-28 |
ITL 150 |
120,000 |
15,000,000 |
|
1927 |
Apr-27 |
ITL 150 |
120,000 |
15,000,000 |
|
1926 |
Apr-26 |
ITL 150 |
120,000 |
15,000,000 |
|
1925 |
mag-25 |
ITL 150 |
80,000 |
12,000,000 |
|
1924 |
mag-24 |
ITL 125 |
80,000 |
10,000,000 |
|
1923 |
giu-23 |
ITL 750 |
6,300 |
4,275,000 |
|
1922 |
giu-22 |
ITL 680 |
6,300 |
4,284,000 |
|
1921 |
lug-21 |
ITL 640 |
6,300 |
4,032,000 |
|
1920 |
- |
ITL 600 |
6,300 |
3,780,000 |
|
1919 |
- |
ITL 600 |
6,300 |
3,780,000 |
|
1918 |
- |
ITL 600 |
6,300 |
3,780,000 |
|
1917 |
- |
ITL 600 |
6,300 |
3,780,000 |
|
1916 |
- |
ITL 400 |
6,300 |
2,520,000 |
|
1915 |
Apr-15 |
gold Franc pieces 500 |
6,300 |
3,150,000 |
|
1914 |
Mar-14 |
gold Franc pieces 720 |
6,300 |
4,536,000 |
|
1913 |
Mar-13 |
gold Franc pieces 720 |
6,300 |
4,536,000 |
|
1912 |
Apr-12 |
gold Franc pieces 700 |
6,300 |
4,410,000 |
|
1911 |
Apr-11 |
gold Franc pieces 700 |
6,000 |
4,200,000 |
|
1910 |
Mar-10 |
gold Franc pieces 600 |
6,000 |
3,600,000 |
|
1909 |
Mar-09 |
gold Franc pieces 600 |
6,000 |
3,600,000 |
|
1908 |
Mar-08 |
gold Franc pieces 600 |
6,000 |
3,600,000 |
|
1907 |
Mar-07 |
gold Franc pieces 540 |
6,000 |
3,240,000 |
|
1906 |
Mar-06 |
gold Franc pieces 420 |
5,000 |
2,100,000 |
|
1905 |
Mar-05 |
gold Franc pieces 400 |
5,000 |
2,000,000 |
|
1904 |
Mar-04 |
gold Franc pieces 400 |
5,000 |
2,000,000 |
|
1903 |
Mar-03 |
gold Franc pieces 390 |
5,000 |
1,950,000 |
|
1902 |
Mar-02 |
gold Franc pieces 380 |
5,000 |
1,900,000 |
|
1901 |
Apr-01 |
gold Franc pieces 360 |
5,000 |
1,800,000 |
|
1900 |
Apr-00 |
gold Franc pieces 360 |
5,000 |
1,800,000 |
|
1899 |
- |
gold Franc pieces 360 |
5,000 |
1,800,000 |
|
1898 |
- |
gold Franc pieces 360 |
5,000 |
1,800,000 |
|
1897 |
- |
gold Franc pieces 360 |
5,000 |
1,800,000 |
|
1896 |
- |
gold Franc pieces 340 |
5,000 |
1,700,000 |
|
1895 |
- |
gold Franc pieces 300 |
5,000 |
1,500,000 |
|
1894 |
- |
gold Franc pieces 300 |
5,000 |
1,500,000 |
|
1893 |
- |
gold Franc pieces 300 |
5,000 |
1,500,000 |
|
1892 |
- |
gold Franc pieces 300 |
5,000 |
1,500,000 |
|
1891 |
- |
gold Franc pieces 300 |
5,000 |
1,500,000 |
|
1890 |
- |
gold Franc pieces 255 |
5,000 |
1,275,000 |
|
1889 |
- |
gold Franc pieces 255 |
5,000 |
1,275,000 |
|
1888 |
- |
gold Franc pieces 265 |
5,000 |
1,325,000 |
|
1887 |
- |
gold Franc pieces 300 |
5,000 |
1,500,000 |
|
1886 |
- |
gold Franc pieces 310 |
5,000 |
1,550,000 |
|
1885 |
- |
gold Franc pieces 300 |
5,000 |
1,500,000 |
|
1884 |
- |
gold Franc pieces 220 |
5,000 |
1,100,000 |
|
1883 |
- |
gold Franc pieces 255 |
5,000 |
1,275,000 |
|
1882 |
- |
gold Franc pieces 270 |
5,000 |
1,350,000 |
|
1881 |
- |
gold Franc pieces 180 |
5,000 |
900,000 |
|
1880 |
- |
gold Franc pieces 170 |
5,000 |
680,000 |
|
1879 |
- |
gold Franc pieces 153.75 |
4,000 |
615,000 |
|
1878 |
- |
gold Franc pieces 125.05 |
4,000 |
500,200 |
|
1877 |
- |
gold Franc pieces 173.75 |
4,000 |
615,000 |
|
1876 |
- |
gold Franc pieces 153.75 |
4,000 |
615,000 |
|
1875 |
- |
gold Franc pieces 190 |
4,000 |
760,000 |
|
1874 |
- |
gold Franc pieces 180 |
4,000 |
720,000 |
|
1873 |
- |
gold Franc pieces 200 |
4,000 |
800,000 |
|
1872 |
- |
gold Franc pieces 187.5 |
4,000 |
750,000 |
|
1871 |
- |
gold Franc pieces 150 |
4,000 |
600,000 |
|
1870 |
- |
gold Franc pieces 150 |
4,000 |
600,000 |
|
1869 |
- |
gold Franc pieces 125 |
4,000 |
500,000 |
|
1868 |
- |
gold Franc pieces 73.5 |
4,000 |
294,000 |
|
1867 |
- |
gold Franc pieces 73.5 |
4,000 |
294,000 |
|
1866 |
- |
gold Franc pieces 73.5 |
4,000 |
294,000 |
|
1865 |
- |
gold Franc pieces 126 |
4,000 |
504,000 |
|
1864 |
- |
gold Franc pieces 73.5 |
4,000 |
294,000 |
|
1863 |
- |
gold Franc pieces 73.5 |
4,000 |
294,000 |
* As from 2000, the relevant coupon detachment date will be three days before the payment date. Starting from 2015, the relevant coupon detachment date will be two days before the payment date.
** The dividend per unit includes Euro 0.15 per share in cash and the free allotment of one Assicurazioni Generali ordinary share for every 25 shares held. The dividend in kind corresponds to 1/25 of the share and is equal to 0.63 euro according to the official price of 21 May 2009 (Euro 15.869). For tax purposes, the “normal value” of each allotted share is equal to Euro 15.724 and is made by the arithmetic mean of the share prices between 18 April and 18 May 2009 (coupon detachment date) on the days when the regulated market was open.