Dividends
The AXA Group seeks to share the results of improved operational performance with its investors.
In addition, the management of AXA's investment portfolios make realized capital gains or losses on invested assets an important contributor to AXA's overall performance.
For these reasons, AXA's dividend policy is based on adjusted earnings (according to French GAAP) resulting in a dividend pay out between 40-50% of its adjusted earnings.
The dividend payment is ultimatly determined by the Supervisory Board, which reserves the right to adjust the dividend at each closing date.
Based on adjusted earnings of 3699 million euros in 2008, and a total average number of shares of 2044 millions (fully diluted), adjusted EPS (fully diluted) was €1,66.
A dividend of Euro 0.4 per share was approved at the Annual General Meeting that held on April 30, 2009, reflecting a 25% pay-out ratio. It was paid on May 12.
Exercice |
Net dividend per share in euros |
Tax credit per share in euros |
12/31/2008 |
0,40 |
|
12/31/2007 |
1,20 |
|
12/31/2006 |
1,06 |
|
12/31/2005 |
0,88 |
|
12/31/2004 |
0,61 |
|
12/31/2003 |
0,38 |
0,19 |
12/31/2002 |
0,34 |
0,17 |
12/31/2001 |
0,56 |
0,28 |
12/31/2000 (1) |
0,55 |
0,28 |
12/31/1999 (1) |
0,50 |
0,25 |
12/31/1998 (1) |
0,43 |
0,21 |
(1) pro-forma split 2004 (4:1)