Dividend

How much is Covivio’s dividend?

This year, the amount of Covivio’s dividend validated by the General Meeting of 17 April 2024, is €3.30 per share, with option of payment in shares.

The Dividend break downs as such :

  • A gross amount of €2.2879 paid out from Covivio’s earnings exempt from corporate income tax in accordance with the SIIC regime. It is therefore not eligible for the 40% tax rebate
  • A gross amount of €1.0121 paid out from Covivio’s earnings not exempt from corporate income tax. This part of the dividend is not eligible for the 40% tax rebate except if the beneficiary opts for taxation at the sliding income tax scale.

Two tax deductions withheld at source are applied on the dividend (gross amount before deduction): income tax prepayment of 12.8%* (if the shareholder has not sent in a request for exemption) and social security contributions at a rate of 17.2%, representing a total deduction of 30% withheld at source.
In this way:

  • the net amount received by a Covivio shareholder who has not sent in a request for exemption will be €2.310 per share, after deducting €3.30 x 30% of deductions withheld at the source,
  • the net amount received by a Covivio shareholder who has sent in a request for exemption will be €2.732 per share, after deducting €3.30 x 17.2% of deductions withheld at the source.

* The 12.8% income tax prepayment is deducted when the dividend is paid. If the beneficiary opts for taxation at the sliding income tax scale, this 12.8% deduction is set off against the income tax due for the year that the dividends are received. If it exceeds the tax due, the surplus will be returned. As a result, the prepayment deducted in 2024 will be set off against the taxes due in 2025 on the basis of the revenues received in 2024. If the beneficiary does not opt for taxation at the sliding income tax scale, the income tax prepayment in 2024 is definitive.

The taxation mentionned in this page applies to French resident taxpayer.

What is the schedule of Covivio dividend ?

  • 17 April 2024: General Meeting
  • 19 April 2024: Detachment of coupon
  • 23 April to 7 May 2024 included: Subscription period for the payment of the dividend in shares
  • 27 May 2024: Dividend payment