Compagnie de Saint-Gobain Dividend Declaration (6860G)
November 26 2020 - 11:06AM
UK Regulatory
TIDMCOD
RNS Number : 6860G
Compagnie de Saint-Gobain
26 November 2020
PRESS RELEASE
November 26, 2020
SHAREHOLDER RETURN POLICY
As announced in April of this year, the Board of Directors has
reviewed the Group's shareholder return policy.
Based on the sales and results growth in the third quarter and
the good start to the fourth quarter, the Group's operating income
for second-half 2020 will increase on a like-for-like basis
compared to second-half 2019 .
In view of these results, the Board intends to recommend to the
June 3, 2021 Shareholders' Meeting that it sets the dividend in
respect of 2020 - payable in June 2021 - at EUR1.33 per share to be
paid in cash, i.e., at the level of the dividend paid in June
2019.
The Board of Directors 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.
The Group also announces that it has reached its medium-term
objective of a reduction in the number of shares outstanding to 530
million, from 542 million at December 31, 2019.
ABOUT SAINT-GOBAIN
Saint-Gobain designs, manufactures and distributes materials and
solutions which are key ingredients in the wellbeing of each of us
and the future of all. They can be found everywhere in our living
places and our daily life: in buildings, transportation,
infrastructure and in many industrial applications. They provide
comfort, performance and safety while addressing the challenges of
sustainable construction, resource efficiency and climate
change.
EUR42.6 billion in sales in 2019
Operates in 70 countries
More than 170,000 employees
For more information about Saint-Gobain
Visit www.saint-gobain.com
and follow us on Twitter @saintgobain
Analyst/Investor relations Press relations
+33 1 88 54 +33 1 88 54 23
29 77 45
+33 1 88 54 +33 1 88 54
Vivien Dardel 19 09 Laurence Pernot 26 83
Floriana Michalowska +33 1 88 54 Patricia Marie +33 1 88 54 27
Christelle Gannage 15 49 Susanne Trabitzsch 96
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