Dividends and dividend policy
The Board of Amadeus IT Holding, S.A., in the meeting held on October 18, 2012, reviewed the dividend policy of the Company, increasing the proposed pay-out ratio to between 40% and 50% of the consolidated profit (excluding extraordinary items), compared to the previous policy, fixed in 2010, which consisted of a pay-out ratio of between 30% and 40%. The new dividend policy, applicable to the period of 2012 and onwards, also establishes the payment of an interim dividend related to the results of each financial period. On December 10, 2015 The Board of Directors of Amadeus IT Holding, S.A has resolved to extend the current dividend policy to the period of 2015.
The amount of future dividends and the dividend policy will depend on a number of factors, including earnings, financial condition, debt service obligations, cash requirements, prospects or market conditions. The amount of dividends is proposed by our Board of Directors and determined by the shareholders at general shareholders' meetings.
|Date of payment||Concept||Dividend per share (gross)||Total dividend (gross, in million euros)|
|Jan 28, 2016||2015 Interim Dividend||€0.34||-|
|Jul 30, 2015||2014 Complementary Dividend||€0.38||170.1|
|Jan 30, 2015||2014 Interim Dividend||€0.32||143.2|
|Jul 29, 2014||2013 Complementary Dividend||€0.325||146.3|
|Jan 31, 2014||2013 Interim Dividend||€0.30||133.4|
|Jul 30, 2013||2012 Complementary Dividend||€ 0.25||111.9|
|Jan 30, 2013||2012 Interim Dividend||€ 0.25||111.9|
LATEST DIVIDENDS APPROVED
In particular, the Board of Directors of the Company proposed a 50% pay-out ratio for the year 2015 (maximum percentage within the approved range).
2015 Dividend payment
On December 10, 2015 the Board of Directors of the Company approved the distribution of an interim gross dividend from the profit for fiscal year 2015 of a fixed amount of €0.34 per share. The payment of the interim dividend was made effective on January 28, 2016 through the member entities of Sociedad de Gestión de los Sistemas de Registro, Compensación y Liquidación de Valores, S.A., (IBERCLEAR), with Banco Bilbao Vizcaya Argentaria acting as paying agent.
On February 25, 2016 the Board of Directors of the Company approved the distribution of a complementary dividend for the fiscal year 2015, subject to approval by the Shareholders' General Meeting, of a fixed amount of €0.435 per share. The payment will be made effective on July 28 2016 through the member entities of Sociedad de Gestión de los Sistemas de Registro, Compensación y Liquidación de Valores, S.A., (IBERCLEAR), with Banco Bilbao Vizcaya Argentaria acting as paying agent.