INVESTOR RELATIONS
Dividends
2013 dividend and exceptional distribution
In 2013, Natixis' shareholders will be entitled to two different payments: a dividend plus an exceptional distribution
Principles
In 2013 and subject to the approval of the General Shareholders' Meeting of Natixis a yearly dividend (€0.10) for the year 2012, plus an exceptional distribution (€0.65) will be paid to Natixis’ shareholders. |
Dividend per share in euros
Subject to the approval of the General Shareholders' Meeting of Natixis to be held on May 21, 2013, the dividend which will be proposed to the General Shareholders' Meeting for the year 2012 will amount to €0.10 per share, reflecting a net payout ratio of 37%.
Schedule of payment
- Dividend ex-date: May 24, 2013
- Expected dividend payment date: May 29, 2013
Dividend per share in euros
- Financial year 2012: 0.10
- Financial year 2011: 0.10
- Financial year 2010: 0.23
- Financial year 2009: -
- Financial year 2008 : -
- Financial year 2007 : 0.45
- Financial year 2006 : 0.86*
- Financial year 2005 : 5.00
- Financial year 2004 : 3.30
- Financial year 2003 : 2.50
* after 1:10 share split
Exceptional distribution
On February 17, 2013, a projected sale of the CCIs (Certificats Coopératifs d’Investissement: Cooperative Investment Certificates) has been decided upon, which would consist in the purchase by each Banque Populaire and each Caisse d’Epargne of all the CCIs held by Natixis, at a price of €12.1 billion in cash (subject to the final expert reports).
The proposed transaction would have a very positive impact on the already solid financial structure and would consequently show a significant capital surplus (approximately €2.2 billion), the most part of which would be redistributed to shareholders via an exceptional distribution amounting to €2 billion, i.e. an amount of €0.65 per share.
Schedule of payment
- Exceptional distribution ex-date: to be specified later
- Exceptional distribution payment date: to be specified later
Tax treatment
Principle
The same tax treatment will apply to the dividend and to the exceptional distribution.
Resident shareholders
For natural shareholders whose tax residence is in France, the dividend/exceptional distribution will be taken into account in full right to determine their global income submitted to the progressive rate and will be eligible for tax allowance amounting to 40% of the gross perceived amount (Article 158-3-2° of the French General Tax Code).
Upon payment, the dividend/exceptional distribution will be subject to a 21% withholding tax on account of the income tax payment and to social contributions withholding taxes globally amounting to 15,50%. The collection made as an advance payment will be deducted from the payable income tax for the year 2013. If need be, the excess collection on payable tax will be paid back. However, natural shareholders belonging to a tax unit with a fiscal reference income for the year 2011 not exceeding €50,000.- for single, widowed or divorced taxpayers, or €75,000.- for taxpayers filing jointly will be entitled to ask for a waiver of collection provided they deliver a sworn certificate to their paying institution at the latest on March 31, 2013 (Articles 117 quater and 242 quater of the French General Tax Code and Article 9 V of the Finance Law Nr 2012-1509 of December 29, 2012 for 2013).
Non-resident shareholders
For natural or legal shareholders whose tax residence is outside France, the dividend/exceptional distribution will be subject to a withholding collection rate which will vary depending on the beneficiary’s category, place of residence or head office, or place of payment pursuant to Article 119 bis 2 of the French General Tax Code.
Shareholders holding their Natixis shares within a PEA (Plan d'Epargne en Actions: share savings plan)
- The dividend/exceptional distribution received within the PEA will be exempt from income taxation.
- Upon payment the dividend/exceptional distribution will not be submitted to withholding social contributions.
- This dividend/exceptional distribution will increase the PEA net asset value while determining the gain achieved as part of the PEA.
NATIXIS AT YOUR SERVICE
FEEDS
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