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 6138 million euros in 2007, and a total average number of shares of 2060,8 millions (fully diluted), adjusted EPS (fully diluted) was €2,98, an increase of 15% versus 2006.
At their meeting on April 22, 2008, the shareholders were asked to approve a dividend payout of €1.20 euro per share (€1.06 in 2006). The proposed dividend represents a 13% increase over the dividend per share paid in 2007.
Exercice |
Net dividend per share in euros |
Tax credit per share in euros |
31/12/1998 (1) |
0,43 |
0,21 |
31/12/1999 (1) |
0,50 |
0,25 |
31/12/2000 (1) |
0,55 |
0,28 |
31/12/2001 |
0,56 |
0,28 |
31/12/2002 |
0,34 |
0,17 |
31/12/2003 |
0,38 |
0,19 |
31/12/2004 |
0,61 |
|
31/12/2005 |
0,88 |
|
31/12/2006 |
1,06 |
|
31/12/2007 |
1,20 |
(1) pro-format split 2004 (4:1)