Cash dividend - 2013

In 2014, shareholders of Natixis received a cash dividend of €0.16 for the year 2013.

Per share dividend in euros

The dividend for 2013 is €0.16 per share, i.e. a profit distribution rate of 59%.

1.1..1.1     Agenda:
  • Ex-dividend date: May 23, 2014
  • Dividend payment date: May 28, 2014
1.1..1.2     Per share dividend in euros:
  • 2012: 0.10
  • 2011: 0.10
  • 2010: 0.23
  • 2009: -
  • 2008: -
  • 2007: 0.45
  • 2006: 0.86*
  • 2005: 5.00
  • 2004: 3.30
  • 2003: 2.50

* after a 10 to 1 share split

1.1..1.3        Taxation for French tax residents

a) Dividend

Dividend payments received by French tax residents are taxable using the progressive income tax schedule, after applying a 40% tax allowance on gross amount paid.

Since January 1, 2013, there is a 21% non-definitive deduction at source on dividends. This deduction is considered as a tax instalment on the following year’s income tax, which can be returned in the case of overpayment. Under certain conditions, low-income tax payers can ask for the tax not to be deducted at source.

The 15.5% of social security contributions are also deducted at source.

Therefore, when a dividend is paid, the following are deducted at source:

-        21% withholding tax

-        15.5% of social security contributions

For total deductions at source of 36.5%.

b) Sale of Natixis shares

The 2014 Law of Finance has amended the tax regime concerning the gains or losses on the sale of securities. Since January 1, 2013, the sale of securities held in an ordinary securities account are taxable using the progressive income tax schedule, after the deduction of a tax allowance that depends on the date to date holding period:

-        50% for securities held from 2 to 8 years

-        65% for securities held for more than 8 years.

Determining the holding period has been difficult for financial institutions as they only know the year and not the specific date.

Therefore, calculating the tax allowance is the responsibility of the tax payer but the Caisse d’Epargne and Banque Populaire banks set up a system which can determine the acquisition date upon request from the shareholders, to help them determine the tax allowance.

For sales made in 2013, information can be supplied concerning securities acquired in 2011 (for a 50% tax allowance) or in 2005 (for a 65% tax allowance). Clients will receive no general information. They will need to contact their account manager.