Dividend

  • Dividend
  • Timetable dividend
  • Dividend policy
  • Dividend history
  • Taxation
  • FAQ

Dividend for fiscal year 2018

The Board of Management and the Supervisory Board will propose a dividend of 9.00 euros to the Annual General Meeting on May 8, 2019 (previous year: 8.00 euros).

Dividend for fiscal 2018 - timetable

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02/15/2019 Dividend proposal (to be announced at the Annual Results Media Conference)
05/08/2019 Dividend resolution by Annual General Meeting
05/08/2019 Dividend entitlement date
05/09/2019 Ex-dividend quotation
05/13/2019 Dividend pay-out (valuta)1
1 Aiming at a harmonization of securities settlements in Europe, the German legislator amended the German Stock Corporation Act (AktG) to revise the due date for dividend payments effective from 2017. In accordance with the newly worded § 58 (4) AktG, the entitlement to dividends shall not fall due on the day following the Annual General Meeting, as has been the case thus far, but on the third business day following 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 ratio above 160%.  Results

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

Allianz - Dividend per share and total dividend since 2005

As of February 15, 2019 (Release of the preliminary results 2018)

1 Proposal.

2 The proposal for appropriation of net earnings reflects the 961,636 treasury shares held directly and indirectly by the Company as of December 31, 2018. Such treasury shares are not entitled to the dividend pursuant to § 71b of the German Stock Corporation Act (AktG). Should there be any change in the number of shares entitled to the dividend by the date of the Annual General Meeting, the above proposal will be amended accordingly and presented for resolution on the appropriation of net earnings at the Annual General Meeting, with an unchanged dividend of EUR 9.00 per each share entitled to dividend.

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 prerequisits.

FAQ

Frequently asked questions on the dividend.
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