The Board of Management will propose a dividend of 9.60 euros for fiscal year 2020 to the Supervisory Board (previous year: 9.60 euros). The final decision will be taken by the shareholders at the Annual General Meeting which will be held on May 5, 2021.
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 Aiming at a harmonization of securities settlements within Europe, the German legislator revised 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
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 February 19, 2021 (release of the preliminary results for fiscal year 2020)
1 Proposal.
2 The total dividend also includes treasury shares held directly or indirectly by the company as of December 31, 2020 that 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 total dividend will be amended accordingly.
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.
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.