Dividends and dividend policy

Dividends and dividend policy

The Board of Amadeus IT Holding, S.A. (currently Amadeus IT Group 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. On December 15, 2016, the Board of Directors of Amadeus IT Holding, S.A (currently Amadeus IT Group S.A.) has resolved to extend the current dividend policy to the period of 2016.

The amount of future dividends and the dividend policy will depend on a number of factors, including 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 the shareholders at the Shareholders' General Meetings.

Date of payment Concept Dividend per share (gross) Total dividend (gross, in million euros)
Jun 30, 2017 2016 Complementary Dividend €0.54 237.0
Feb 1, 2017 2016 Interim Dividend €0.40 175.5
Jul 28, 2016 2015 Complementary Dividend €0.435 190.9
Jan 28, 2016 2015 Interim Dividend €0.34 149.2
Jul 30, 2015 2014 Complementary Dividend €0.38 170.1
Jan 30, 2015 2014 Interim Dividend €0.32 143.2
Jul 29, 2014 2013 Complementary Dividend €0.325 146.3
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


2016 Dividend

On December 15, 2016, the Board of Directors of the Company proposed a 50% pay-out target ratio for the year 2016 (the maximum percentage applicable within the approved 40% to 50% pay-out range). At the Shareholders’ General Meeting held on June 15, 2017, our shareholders approved the annual gross dividend from the profit of the year 2016. The total value of the dividend was €412.5 million, representing a pay-out of €0.94 per share (gross). Regarding the payment, an interim amount of €0.40 per share (gross) was paid on February 1, 2017. The complementary dividend of €0.54 per share (gross) was paid on June 30, 2017 through the member entities of the 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.