Dividend

What is the amount of the Covivio dividend?

The dividend for the year 2018 that will be proposed to the shareholders at the General Meeting of 17 April 2019 amounts to €4.60 per share.
Covivio will also propose to the shareholders the option to receive the dividend in shares, on the basis of a price corresponding to 90% of the average share price of the 20 market days before the General Meeting of April 17, less the dividend.

The Dividend of €4.60 break downs as such :

  • A gross amount of €4.4521 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 €0.1479 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 €3.22 per share, after deducting €4.60 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 €3.8088 per share, after deducting €4.60 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 2018 will be set off against the taxes due in 2019 on the basis of the revenues received in 2018. If the beneficiary does not opt for taxation at the sliding income tax scale, the deduction is finale.

What is the schedule of Covivio dividend ?

  • 13 May 2019: detachment of coupon
  • 15 May 2019 to 29 May 2019 included : exercise period of the option to the receive the dividend in shares
  • 5 June 2019: dividend payment

  Find here the main informations about Covivio dividend.

  For 2015 activity For 2016 activity For 2017 activity For 2018 activity
Dividend €/share 4,30 € 4,40 € 4,50 € 4,60 €
– SIIC dividend 3,066 € 2,86 € 4,50 € 4,452 €
– Non-SIIC dividend 0,033 € 0,51 € 0 0,1479 €
– Additional paid-in capital 1,201 € 1,03 € 0 0