Dividend
History of shareholder distribution
| 2024 | 2023 | 2022 | 2021 | 2020 | |
| Cash dividend (in EUR/share) | 1.09(7) | 0.90(6) | 1.70(5) | 1.65(4) | 0.55(3) |
| Share buyback (EUR/share equivalent) | 1.09(7) | 0.35(6) | 0.55(5) | 1.10(4) | 0.55(3) |
| Payout ratio (%)(1) | 50 | 41 | 36.9 | 50 | - |
| Net yield (%)(2) | 8.0 | 5.2 | 9.6 | 9.1 | - |
Interim Dividend 2025
In accordance with the amendment to the distribution policy approved by the Board of Directors on 30 July 2025, Société Générale has introduced an interim cash dividend payable in the fourth quarter of each year from 2025 onwards.
For the first half of 2025, the amount of the interim dividend is EUR 0.61 per share, with an ex-dividend date on 7 October 2025 and a payment date on 9 October 2025.
- Amount per share: €0.61
- Ex-dividend date: 7 October 2025
- Payment date: 9 October 2025
(1) Since 2023, the distribution is calculated on the basis of the Group Net Income restated from the interest on deeply and undated subordinated notes and non-cash items that have no impact on the CET 1 ratio.
(2) Based on closing price at end-December.
(3) 2020 shareholder distribution of EUR 1.10 per share, including a dividend in cash of EUR 0.55 per share and a share buyback programme equivalent to EUR 0.55 per share. The dividend per ordinary share and the pay-out rate were fixed on the basis of the 2019 and 2020 results restated for items not affecting the CET1 ratio, pursuant to the European Central Bank’s recommendations. On this basis, the pay-out ratio is 14.2%.
(4) 2021 shareholder distribution of 2.75 euros per share including a dividend in cash of EUR 1.65 per share and a share buyback programme equivalent to EUR 1.10 per share.
(5) 2022 shareholder distribution of EUR 2.25 per share including a cash dividend of EUR 1.70 per share and a share buyback programme, equivalent to EUR 0.55 per share, EUR ~440 million.
(6) 2023 shareholder distribution of 1.25 euros per share including a dividend in cash of 0.90 euro per share (subject to the General Meeting on 22 May 2024) and a share buyback programme, equivalent to EUR 0.35 per share, ~280 MEUR (conditional on receiving the usual approvals).
(7) 2024 shareholder distribution of EUR 2.18 per share including a dividend in cash of EUR 1.09 per share (subject to the General Meeting on 20 May 2025) and a share buyback programme of ~EUR 872 million, equivalent to EUR 1.09 per share.