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 14, 2017, the Board of Directors of Amadeus IT Group S.A. (formerly Amadeus IT Holding, S.A) has resolved to extend the current dividend policy to the period of 2017.

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)
Jan 31, 2018 2017 Interim Dividend €0.48 -
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


2017 Dividend

On December 14, 2017, the Board of Directors of the Company proposed a 50% pay-out target ratio for the year 2017 (the maximum percentage applicable within the approved 40% to 50% pay-out range). Accordingly, the Board of Directors has approved the distribution of an interim gross dividend from the profit for fiscal year 2017 of a fixed amount of €0.48 per share. The payment of the interim dividend will be made effective on January 31, 2018 (payment date) 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, ex-date January 29, 2018.