Dividend

A dividend is a portion of the net profit distributed each year to shareholders, variable depending on the company's results. Shares are classified as variable income securities (unlike bonds, which are primarily fixed income securities).

The dividend constitutes the shareholder's remuneration. Its amount is proposed by the board of directors and approved by the general meeting, which ratifies the accounts of the closed fiscal year. It is payable within nine months after the end of the fiscal year. Generally paid in cash, it can also be paid in new shares if the general meeting has approved this decision.