Dividend

What is the amount of the Covivio dividend?

The dividend to be approved by the shareholders at the General Meeting of 20 April 2021, amounts to €3.60 per share.

The Dividend break downs as such :

  • A gross amount of €2.9319 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 €0.6681 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 €2.5200 per share, after deducting €3.60 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 €2.9808 per share, after deducting €3.60 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 2021 will be set off against the taxes due in 2022 on the basis of the revenues received in 2021. If the beneficiary does not opt for taxation at the sliding income tax scale, the deduction is finale.

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

What is the schedule of Covivio dividend ?

  • 20 April 2021: General Meeting
  • 26 April 2021: detachment of coupon
  • 28 April 2021: dividend payment