The Company’s Board of Directors proposed at the General Meeting on April 29, 2025 a dividend of Euro 1.00 per share for 2024, representing 83% of the Net recurrent earnings (NRE) for the year, offering a yield of 6,1% on the NDV of Euro 16.45 per share at end-2024 and 9.9% on the year’s closing price.
This dividend is based on the distribution requirement with the SIIC tax status concerning exempt profits from:
- property rental or sub-letting operations (including dividends paid by the subsidiaries subject to the SIIC system), i.e. Euro 0.78 per share;
- the distribution of exempt income recorded on the Company’s balance sheet for Euro 0.22 per share.
The ex-dividend date is May 02, 2025, and the payment of the dividend is May 6, 2025.
