ENGIE confirmed, when the 2018 results were published, the payment of an ordinary dividend of € 0.75 per share, in cash. An interim dividend of € 0.37 was paid on October 12, 2018. The balance to pay is € 0.38.
From 2020 and the dividend to be paid in respect of 2019, the annual dividend will be paid in a single instalment. In order to offset the impact of this transition on shareholders in 2019, ENGIE will submit for shareholder approval at its OGM on May 17, an exceptional dividend of € 0.37 per share will be paid in May 2019 with the balance dividend, which will bring the total distribution of the 2018 dividend to € 1.12 per share.
For 2018, with the exceptional dividend, the ENGIE share provides a return of 8.6% (5.8% excluding exceptional dividend) on the basis of the closing price of € 13.02 on 29/04/2019.
An amount of € 0.75 per share, including the exceptional dividend and the balance of dividend, will be paid on May 23, 2019 with an ex-date on May 21.
To benefit from this, you must hold ENGIE shares in the portfolio no later than Monday, May 20, 2019, the day before the ex-date.
On 23 May, ENGIE will also pay a loyalty bonus of 10% (€ 0.112 per 2018 share) to its shareholders holding their registered shares for at least two continuous fiscal years and until payment of the dividend.
Any share registered before 31/12/2019, will thus benefit in 2022 from the bonus dividend related to 2021.
New dividend policy
For the future, ENGIE announced a new medium-term dividend policy, in the range of 65 to 75% NRIgs payout ratio.
The Group aims for an average annual growth of 7 to 9% of its NRIgs by 2021.
For 2019, the Group announced a net recurring income, Group share between EUR 2.5 and EUR 2.7 billion* and is aiming for a dividend at the upper end of the range of 65 to 75%.
At March 31, 2019, the number of shares making up the capital, excluding treasury shares, was 2,412,932,509.
The entire 2019 dividend, including the loyalty bonus of 10%, will be paid in one time at the end of the General Shareholders' Meeting called in 2020 to approve the financial statements for the 2019 financial year.
* These targets and this indication assume average weather conditions in France, full pass through of supply costs in French regulated gas tariffs, no significant accounting changes except for IFRS 16, no major regulatory and macro-economic changes, commodity price assumptions based on market conditions as of December 31, 2018 for the non-hedged part of the production, average foreign exchange rates as follows for 2019 : €/$: 1.16; €/BRL: 4.42, and without significant impacts from disposals not already announced.