Dividend

Dividend trends

2014 2015 2016
Interim dividend 1.25 1.35 1.40
Final dividend 1.95 2.20 2.60
Total gross amount 3,20 3.55 4.00
Payout ratio 29% * 50% 51%

* Excluding the exceptional distribution of Hermès International shares, this percentage would have been 55%.

At the Annual Shareholders’ Meeting on April 12, 2018, LVMH will propose a dividend of €5 per share, an increase of 25%. An interim dividend of €1.60 per share was paid on December 7 of last year. The balance of €3,40 per share will be paid on April 19, 2018.