Unibail-Rodamco-Westfield

company website

Total dividend bookyear 2018: € 10.800*

Final dividend

proposed amount
€ 5.400
announcement date
May 17, 2019
ex-coupon date
Jul 3, 2019
payment date
Jul 5, 2019

For the fiscal year 2018, the Group expects to propose a cash dividend of €10.80 per stapled share for approval by the Annual General Meetings (AGMs) of Unibail-Rodamco SE to be held on May 17, 2019 and WFD Unibail-Rodamco NV to be held on June 11, 2019. The dividend payment schedule is expected to be as follows:

An interim dividend of €5.40 per stapled share on March 29, 2019 (ex-dividend date March 27, 2019) to be paid by Unibail-Rodamco SE; and A final dividend of €5.40 per stapled share, subject to approval of the AGMs, on July 5, 2019 (ex-dividend date July 3,2019). The split of the final dividend will be described in the convening notices for the AGMs.

The total amount of dividends paid with respect to 2018 would be €1,457.5 Mn for the 138,288,601 stapled shares outstanding as at December 31, 2018.
This represents a 94% pay-out ratio of the adjusted net recurring result of the Group, composed of the net recurring result of UR through May 31, 2018 and URW from June 1, 2018.

Interim dividend

proposed amount
€ 5.400
announcement date
ex-coupon date
Mar 27, 2019
payment date
Mar 29, 2019

For the fiscal year 2018, the Group expects to propose a cash dividend of €10.80 per stapled share for approval by the Annual General Meetings (AGMs) of Unibail-Rodamco SE to be held on May 17, 2019 and WFD Unibail-Rodamco NV to be held on June 11, 2019. The dividend payment schedule is expected to be as follows:

An interim dividend of €5.40 per stapled share on March 29, 2019 (ex-dividend date March 27, 2019) to be paid by Unibail-Rodamco SE; and A final dividend of €5.40 per stapled share, subject to approval of the AGMs, on July 5, 2019 (ex-dividend date July 3,2019). The split of the final dividend will be described in the convening notices for the AGMs.

The total amount of dividends paid with respect to 2018 would be €1,457.5 Mn for the 138,288,601 stapled shares outstanding as at December 31, 2018.
This represents a 94% pay-out ratio of the adjusted net recurring result of the Group, composed of the net recurring result of UR through May 31, 2018 and URW from June 1, 2018.

Total dividend bookyear 2017: € 10.800*

Interim dividend

amount
€ 5.400
announcement date
ex-coupon date
Mar 27, 2018
payment date
Mar 29, 2018

Source: annual report 2017

At the Annual General Meeting (AGM), the Management Board will propose a distribution of €10.80 per share for the 2017 fiscal year, representing a pay-out ratio of 90%. Subject to approval by the AGM, shareholders will be paid:

  • €4.15 per share in cash paid from Unibail-Rodamco’s tax exempt real estate activities (the “SIIC dividend”)(3); and
  • €6.65 per share in cash paid from the Group’s non-tax exempt activities (the “non SIIC dividend”)(3).


The dividend for the year 2017 will be paidin 2018 according to the following schedule:

  • payment of an interim dividend of €5.40 on March 29, 2018 (ex-dividend March 27,2018); and
  • a final dividend of €5.40 per share, subject to approval of the AGM. The final dividend will be paid to Unibail-Rodamco shareholders of record prior to the closing of the Westfield acquisition.

 

Final dividend

proposed amount
€ 5.400
announcement date
May 17, 2018
ex-coupon date
payment date
May 30, 2018

Source: annual report 2017

At the Annual General Meeting (AGM), the Management Board will propose a distribution of €10.80 per share for the 2017 fiscal year, representing a pay-out ratio of 90%. Subject to approval by the AGM, shareholders will be paid:

  • €4.15 per share in cash paid from Unibail-Rodamco’s tax exempt real estate activities (the “SIIC dividend”)(3); and
  • €6.65 per share in cash paid from the Group’s non-tax exempt activities (the “non SIIC dividend”)(3).


The dividend for the year 2017 will be paidin 2018 according to the following schedule:

  • payment of an interim dividend of €5.40 on March 29, 2018 (ex-dividend March 27,2018); and
  • a final dividend of €5.40 per share, subject to approval of the AGM. The final dividend will be paid to Unibail-Rodamco shareholders of record prior to the closing of the Westfield acquisition.

 

Total dividend bookyear 2016: € 10.200

Final dividend

amount
€ 10.200
announcement date
ex-coupon date
payment date

Source: company website, April 2018

NOTE: this amount represents the total gross dividend of this bookyear. It may or may not have been paid in multiple separate dividends (interim, final etc).

Total dividend bookyear 2015: € 9.700

Final dividend

amount
€ 9.700
announcement date
ex-coupon date
payment date

Source: company website, April 2018

NOTE: this amount represents the total gross dividend of this bookyear. It may or may not have been paid in multiple separate dividends (interim, final etc).

Total dividend bookyear 2014: € 9.600

Final dividend

amount
€ 9.600
announcement date
ex-coupon date
payment date

Source: company website, April 2018

NOTE: this amount represents the total gross dividend of this bookyear. It may or may not have been paid in multiple separate dividends (interim, final etc).

Dividend history

financial events

Company information

Source: company website, April 2018

Unibail-Rodamco is Europe's leading listed commercial property company specialised in shopping centres in European capital cities, in offices in Paris and in Convention & Exhibition centres in Paris.
The Group's portfolio was valued at €43.1 billion on December 31, 2017

Dividend policy

Source: company website, April 2018

Unibail-Rodamco’s current distribution policy pays out between 85% and 95% of the financial year’s net recurring profit.

Distributions are made from profits, retained earnings and, if necessary, available reserves.