The dividend proposal of the Board of Management for fiscal year 2024 is planned be announced at the Annual Results Media Conference on February 28, 2025.
Dividend
Dividend for fiscal year 2024
Dividend history
Allianz is one of the highest-dividend companies in the DAX. Due to our strong business development and an attractive dividend policy, the dividend has increased by an average of 10% over the past 10 years to 13.80 euros most recently.
As of May 8, 2024 (Annual General Meeting)
Capital Management Policy
On December 9, 2024, Allianz SE decided to amend its Dividend Policy and convert it into a broader Capital Management Policy.
The framework for this policy is determined by our net income and the need for an adequate capitalization.
1. The regular dividend payout is maintained at 60 percent of the Allianz Group Net Income (attributable to shareholders), adjusted for extraordinary and volatile items e.g. amortization of intangible assets from business combinations, interest expenses from RT1 bonds, gains and losses from sale of operations, and non-operating market movements.
2. In the interest of an attractive payout policy, the further objective is maintained to pay a dividend per share of at least the amount of the previous year.
3. Further, Allianz will additionally return to its shareholders on average a minimum of 15 percent of Allianz Group Net Income (attributable to shareholders) as defined above (e.g. through share buy-backs) in the years 2025-2027.
Please note:
- This Capital Management Policy represents the current intention of the Board of Management and of the Supervisory Board and may be revised in the future.
- The policy is subject to the absence of a significant earnings or capital event. Board of Management discretion includes taking into account Allianz Group’s earnings, financial condition, applicable capital and solvency requirements such as a Solvency II capitalization ratio of above 150 percent, prevailing operating and financial market conditions and general economic environment. Under given circumstances the additional payout can also exceed the minimum ratio of 15 percent.
- Further, 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 payout policy if appropriate under the then prevailing circumstances, as well as to the decision of the Annual General Meeting.
Published on December 9, 2024
Timetable
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| 02/28/2025 (planned) |
Dividend proposal (announced at the Annual Results Media Conference) |
| 05/08/2025 |
Dividend resolution by Annual General Meeting |
| 05/08/2025 |
Dividend entitlement date |
| 05/09/2025 |
Ex-dividend quotation |
| 05/13/2025 |
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.
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.
Capital gains tax for foreign individual shareholders
Like domestic shareholders, non-German shareholders will be subject to a deduction of tax at source at a rate of 26.375% by the bank paying out the dividend. However, the withholding tax rate may be reduced in accordance with an applicable income tax treaty.
Capital income is subject to a flat rate tax of 25% for private investors. In addition to this, investors will have to pay the so-called "solidarity" surcharge of currently 5.5% on the capital gains tax, i.e. 26.375%.
The difference between the tax actually withheld, including the solidarity surcharge, and the rate that applies under the double taxation treaty is reimbursed to the shareholder by the Federal Central Tax Office (Bundeszentralamt für Steuern) upon application. Please note that the reimbursement may be subject to further conditions.
Foreign Investors Help Desk:
Federal Central Tax Office (Bundeszentralamt für Steuern)
Department St III 2
An der Küppe 1
53225 Bonn, Germany
Tel. +49 228 406 1212
Fax +49 228 406 3119
[email protected]
Application forms and more information can be requested from the website of the Federal Central Tax Office (Bundeszentralamt für Steuern): www.germantaxes.info
Dividends for the last 3 fiscal years
Capital gains tax withheld
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|
in euros
|
2023
|
2022
|
2021
|
|---|---|---|---|
| Dividend per share | 13.80 | 11.40 | 10.80 |
| Dividend per 10 shares | 138.00 | 114.00 | 108.00 |
| - Capital gains tax (25% on the dividend) | -34.50 | -28.50 | -27.00 |
| - Solidarity surcharge (5.5% on the capital gains tax) | -1.90 | -1.57 | -1.49 |
| = Net dividend | = 101.60 | = 83.93 | = 79.52 |
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.
Related topics
Share price
Find out more about the current share price of the Allianz share and its share price performance.
Annual General Meeting
Our shareholders decide on the appropriation of net earnings on Agenda Item 2.
Results
We offer all relevant documents and webcasts on our quarterly and annual results at a glance.