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.
The amount of future dividends we decide to pay, if any, and our future dividend policy will however depend on a number of factors, including our 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 our shareholders at general shareholders' meetings.
|Date of payment||Concept||Dividend per share (gross)||Total dividend (gross, in million euros)|
|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|
|Jul 27, 2012||2011 Complementary Dividend||€ 0.195||85.6|
|Jan 30, 2012||2011 Interim Dividend||€ 0.175||78.0|
|Jul 27, 2011||2010 Annual Dividend||€ 0.30||134.3|
LATEST DIVIDENDS APPROVED
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.
2012 Dividend payment
On December 13, 2012 the Board of Directors of the Company approved the distribution of an interim gross dividend from the profit for fiscal year 2012 of a fixed amount of €0.25 per share. The payment of the interim dividend was made effective on January 30, 2013 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 20, 2013, approved the dividend distribution proposal. The total value of the dividend is €223.8 million, representing a pay-out of 45% of the 2012 reported profit for the year from continuing operations (excluding extraordinary items related to the IPO).
The complementary dividend to achieve the proposed final gross dividend, amounting to € 0.25 per share, was paid on July 30, 2013 (payable to each of the existing and outstanding shares with dividend rights at the date of payment).