Dividend

Cash dividend for the year 2014

In 2015, shareholders of Natixis received a cash dividend of €0.34 for the financial year 2014.

Per share dividend in euros

The dividend for 2014 amounts to €0.34 per share, of which €0.14 comes from the capital released by the listing of Coface in June 2014, and is in accordance with Natixis commitments (equal to or above 50%).

Since 2013, Natixis has committed itself to a dividend policy much in favor of shareholders. The payment of the €0.34 corresponds to a payout ratio of 87%.

 

Click here to listen to Laurent Mignon, CEO of Natixis, commenting on the 2014 dividend


Agenda:
  • Ex-dividend date: May 22, 2015
  • Dividend payment date: May 26, 2015


Net dividend per share and payout ratio:

Financial yearAmountPayout ratio
2014 0.3487% 
2013 (exceptional distribution) 0.65-
20130.1659%
2012 0.1037%
2011 0.1024% 
2010 0.2350%
2009 --  
2008 -
2007 0.4550%
2006 0.86 (1)50% (2)
2005 5.0040% 
2004 3.30 38.8%
2003 2.50 44.6%
2002 1.5062.5%
2001 2.5037.3% 
2000 2.5035.2% 


(1)  Following a 10 to 1 share split

(2)  Calculated on pro forma net result

 

Tax treatment

Principle

The elements which are detailed hereunder are only a summary of the tax treatment usually applicable for cash dividend payments. Shareholders will therefore have to contact their usual account manager to get confirmation of the tax system they will be submitted to. 

Resident shareholders

For resident shareholders, the dividend will be taken into account in full right for determining their global income submitted to the income tax 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 will be subject to a 21% tax withholding 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 2014. If need be, the exceeding collection on payable tax may be paid back. However, natural shareholders belonging to a tax unit with a fiscal reference income for the year 2013 not exceeding 50,000 Euros for single, widowed or divorced taxpayers, or 75,000 Euros for taxpayers filing jointly will be entitled to ask for a waiver of collection subject to their delivering a sworn certificate to their paying institution at the latest on November 30, 2014 (Articles 117 quater and 242 quater of the French General Tax Code).

 

Legal resident shareholders submitted to corporate taxation (ordinary tax system)

Resident shareholders

For resident shareholders, the dividend will be taken into account in full right for determining their global income submitted to the income tax 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 will be subject to a 21% tax withholding 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 2014. In case of overpayment this deduction will be returned. However, resident shareholders belonging to a tax unit with a fiscal reference income for the year 2013 under 50,000 Euros for single, widowed or divorced taxpayers, or 75,000 Euros for taxpayers filing jointly will be entitled to ask for a waiver of collection subject to their delivering a sworn certificate to their paying institution at the latest on November 30, 2014 (Articles 117 quater and 242 quater of the French General Tax Code).

Legal resident shareholders

Legal resident shareholders holding at least 5% of Natixis shares and who meet the requirements set in Articles 145 and 216 of the French General Tax Code) are eligible to an exemption for dividends collected pursuant to the parent company and subsidiaries exemption regime. However, the Article 216 of the French General Tax Code provides for standard rate reintegration in the beneficiary’s taxable profits of a portion of fees and costs fixed to 5% of the collected dividends.

For legal resident shareholders other than parent companies and subsidiaries, the dividend will be included in the taxable results submitted to the corporate tax at the standard rate.

 

Non-resident shareholders

For natural or legal shareholders whose tax residence is outside France, the dividend will be submitted to collection at source at a rate which will vary on account of the beneficiary's category, state of residence, head office, or payment place pursuant to Article 119 bis 2 of the French General Tax Code.

Shareholders are advised to consult their usual taxation advisor to determine whether they are eligible to a reduction or withholding tax pursuant to the provisions of French domestic law or applicable tax agreements.

 

Shareholders holding their shares in a PEA (Personal Equity Savings Plan)

  • The dividend collected under a PEA is not subject to tax when the application terms of the PEA treatment are met.
  • The dividend is not submitted to the social contributions withholding tax when distributed.
  • This dividend is added to the net asset value for calculation of gain under a PEA.