arrow-thincheckemaillocationphone

You are here

Capital structure and dividend

See  Edenred's capital structure and information about its dividend and history.

On this section, access to

Capital structure

Find out the information regarding monthly Statement on Share Capital And Voting Rights

 

Dividend

Payment of the 2016 dividend

At the Annual Meeting on May 4, 2017, Edenred shareholders approved the payment of a 2016 dividend of €0.62 per share, with the option of reinvesting 50% of the dividend in new shares. 

The option of reinvesting 50% of the dividend in shares was available from May 12 to June 2, 2017. This led to the issue of 1,722,895 new shares of Edenred common stock, representing 0.74% of the share capital, which will be settled and begin trading on the Euronext Paris stock market on June 15, 2017.

The new shares carry dividend rights from January 1, 2017 and rank pari passu with existing shares of Edenred common stock. Following the issue, the Company’s share capital comprises 235,402,740 shares.

The total cash dividend, in an amount of €109 million, will be paid on June 15, 2017.

 

Dividend payment timeline

•    Record date:
-    May 11, 2017 for the payment of the dividend subject to option.
-    May 15, 2017 for the payment of the cash dividend.
•    Ex-dividend date: May 12, 2017
•    Period for exercising the dividend reinvestment option: from May 12 to the close of business on June 2, 2017. Shareholders may opt to reinvest only during this period. Shareholders that do not exercise their reinvestment option by June 2, 2016 will receive their total dividend in cash.
•    Dividend payment date: June 15, 2017, regardless of whether the dividend is reinvested or not.

 

Reinvestment procedure

To reinvest their dividend, shareholders must so inform the bank or broker that manages their shares, or, if their shares are registered in the Company's share register, the custodian bank . Shareholders who have not opted to reinvest by June 2, 2017 will receive the entire dividend in cash.
Certain legal restrictions may apply to the reinvestment option for non-resident shareholders. Non-residents of France should enquire about the laws and rules applicable in their country of residence.
The shares created on reinvestment of the dividend will be issued at a price of €20.18, corresponding to 90% of the average of the opening prices quoted for Edenred shares over the twenty trading days on the Euronext Paris preceding the Annual Shareholders Meeting, less the amount of the dividend and rounded up to the nearest euro cent. 
The new shares will carry dividend rights from January 1, 2017 and rank pari passu with existing shares of Edenred common stock. They will begin trading in compartment A of the Euronext Paris stock exchange (ISIN: FR0010908533) on June 15, 2017 on the same line as existing shares.
If the amount of the reinvested dividend does not correspond to a whole number of shares, the shareholder may receive the next lower number of shares and the balance in cash.
If all of the eligible dividend is reinvested, a maximum of 3,565,985 new shares would be issued, representing around 1.52% of the Company’s share capital and 1.50% of the exercisable voting rights, based on total shares and voting rights outstanding at April 30, 2017. 

For additional information, consult the FAQs

Read the press release

Historical data and shares

  High Low last Dividend
for the
year in €
Dividend
yield as
of 12/31
Market
capitalization
as of 12/31 
(in € billion)

Number
of shares
outstanding 
as of 12/31

2016 22.45 13.22 18.84 0.621 3.29% 4.4 233,688,345
2015 27.15 14.19 17.45 0.84 4.81% 4.0 230,819,248
2014 25.10 19.27 22.96 0.84 3.66% 5.3 228,864,521
2013 27.10 22.50 24.33 0.83 3.41% 5.5 225,897,396
2012 24.79 18.31 23.30 0.82 3.52% 5.3 225,897,396
2011 22.64 15.40 19.02 0.7 3.68% 4.3 255,897,396
2010* 19.01 11.40 17.71 0.5 2.82% 4.0 255,897,396

1 To be recommended at the Annual Shareholders Meeting on May 4, 2017.
* On June 29, 2010, the Extraordinary General Meeting of Accor Shareholders approved the demerger of the hospitality and Services businesses, leading the creation of Edenred, a pure player in prepaid services.
The shares were initially listed at a reference price of €11.40. 
On the first day of trading (July 2, 2010), the shares opened at €13 and closed at €14.80.

Consult Edenred share price