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

Dividend for fiscal year 2018

The Annual General Meeting on May 8, 2019, decided a dividend for fiscal 2018 of 9 euros. This corresponds to an increase by 12.5% compared to the dividend of 8 euros that was distributed in the previous year.

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 within Europe, the German legislator amended the German Stock Corporation Act (AktG) to revise the due date for dividend payments effective from January 1, 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 earlier, 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 May 8, 2019 (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 prerequisits.


Frequently asked questions on the dividend.