Following a meeting of ENGIE’s Board of Directors on April 1, 2020, the Group issued a press release on actions taken in response to the current health and economic crisis.
In particular, ENGIE’s Board of Directors decided to cancel the payment of the €0.80 dividend per share for 2019, while stating its commitment to resume paying dividends in the future.
This decision was taken in the light of continuing uncertainties about the situation, particularly regarding the depth and duration of this unprecedented crisis, and it strengthens the Group’s operational flexibility.
At the General Meeting of May 14, 2020, the shareholders approved more than 99% the Board's decision to not pay a dividend for the 2019 financial year in a spirit of responsibility and prudence in this exceptional context due to the Covid-19 pandemic.
During the General Meeting, ENGIE also affirmed its intent to resume dividend payment, within the framework of the policy announced last year, ie 65% to 75% of payout ratio on the basis of Net recurring income Group share.
The Board will decide on the dividend to be proposed at the time of the 2020 financial closing.
ENGIE rewards the shareholders’ loyalty with a 10% bonus dividend.