Dividend for fiscal year 2020
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Dividend resolution by Annual General Meeting
Dividend entitlement date
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.
- The dividend policy is subject to a sustainable Solvency II capitalization ratio above 160%.
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.