The Annual General Meeting on May 5, 2021, decided a dividend for fiscal year 2020 of 9.60 euros (previous year: 9.60 euros).
Dividend for fiscal year 2020
Timetable
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| 02/19/2021 |
Dividend proposal |
| 05/05/2021 |
Dividend resolution by Annual General Meeting |
| 05/05/2021 |
Dividend entitlement date |
| 05/06/2021 |
Ex-dividend quotation |
| 05/10/2021 |
Dividend pay-out (valuta)1 |
1 In accordance with § 58 (4) of the German Stock Corporation Act (AktG), the dividend is paid on the third business day following the resolution of the Annual General Meeting. This regulation was designed to harmonize securities settlements within Europe and came into effect on January 1, 2017. Before that, dividend payment was due the day after the Annual General Meeting.
Dividend policy with pay-out ratio of 50 percent
We strive to offer attractive dividends to our shareholders. The framework for this is determined by our net income and the need for an adequate capitalization.
- Regular pay-out is 50% of Allianz Group net income (attributable to shareholders).
- In the interest of dividend continuity, the objective is to keep the dividend per share at least at the level paid in the previous year.
- In addition, Allianz returns capital to its shareholders on a flexible basis.
Share buy-back - The dividend policy is subject to a sustainable Solvency II capitalization ratio above 160%.
Results
Key indicators
Please note: This dividend policy represents the current intention of the Board of Management and the Supervisory Board and may be revised in the future. Also, the dividend payment in any given year is subject to specific dividend proposals by the Board of Management and the Supervisory Board, each of which may elect to deviate from this dividend policy if appropriate under the then prevailing circumstances, as well as to the decision of the Annual General Meeting.
Dividend history
As of May 5, 2021 (Annual General Meeting)
Taxation of the dividend for shareholders living abroad
In Germany a capital gains tax is levied on dividends and certain other capital income. Due to various international regulations, a full or partial relief from the capital gains tax is possible for individual shareholders living abroad under certain prerequisites.
Paying Agent
Paying Agent for shareholders: Commerzbank AG, 60261 Frankfurt/Main. Paying Agents for bondholders are indicated in the relevant terms and conditions which can be found here.
FAQ
Frequently asked questions on the dividend.