During its meeting held on February 25, 2021, the Saint-Gobain’s Board of Directors decided to confirm its recommendation for the Shareholders’ Meeting of June 3, 2021 to pay a cash dividend of €1.33 per share. This dividend represents 48% of recurring net income and a dividend yield of 3.5% based on the closing share price at December 31, 2020 (€37.50). The ex-dividend date has been set at June 7 and the dividend will be paid on June 9, 2021.
The Board has moreover confirmed that it will maintain its policy of privileging a dividend in cash targeting a normalized dividend payout rate representing between 35% and 40% of recurring net income, a rate that will be exceeded for the dividend payable in respect of 2020 in the context of the pandemic.
Below, the evolution of the dividend since 1986:
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