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 11, 2014 The Board of Directors of Amadeus IT Holding, S.A has resolved to extend the current dividend policy to the period of 2014.
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 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 is proposing a 50% pay-out ratio for the year 2014 (maximum percentage within the approved range), that combined with the already disclosed Share Buy-back Programme (please refer to the relevant document filed with the CNMV) will deliver a substantial increase in total remuneration.
Accordingly, the Board of Directors has approved the distribution of an interim gross dividend from the profit for fiscal year 2014 of a fixed amount of €0.32 per share. The payment of the interim dividend will be made effective on January 30, 2015 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.
2013 Dividend payment
On December 18, 2013 the Board of Directors of the Company approved the distribution of an interim gross dividend from the profit for fiscal year 2013 of a fixed amount of €0.30 per share. The payment of the interim dividend was made effective on January 31, 2014 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.
The Shareholders' General Meeting, held on June 26, 2014, approved the dividend distribution proposal. The total value of the dividend is €279.7 million, representing a pay-out of 50% of the 2013 reported profit for the year. The complementary dividend to achieve the proposed final gross dividend, amounting to € 0.325 per share, was paid on July 29, 2014 (payable to each of the existing and outstanding shares with dividend rights at the date of payment).
Q1 2015 Results
Jefferies Global TMT Conference
May 13, 2015