History of shareholder distribution
| 2025 | 2024 | 2023 | 2022 | 2021 | |
| Cash dividend (EUR/share) | 1.61(7) | 1.09(6) | 0.90(5) | 1.70(4) | 1.65(3) |
| Share buyback (EUR/share equivalent) | 1.95(7) | 1.09(6) | 0.35(5) | 0.55(4) | 1.10(3) |
| Payout ratio (%)(1) | 50 | 50 | 41 | 37 | 50 |
| Net yield (%)(2) | 5.18 | 8.0 | 5.2 | 9.6 | 9.1 |
(1) From 2023, the payout ratio is calculated on the basis of Group net income adjusted for gross tax interest on deeply subordinated notes and undated subordinated notes restated for non-monetary items that have no impact on the CET1 ratio.
(2) Yield calculated on the last price at the end of December.
(3) 2021 distribution to shareholders of EUR 2.75 per share, consisting of a cash dividend of EUR 1.65 per share and a share buyback programme of EUR 914 million amounting to EUR 1.10 per share.
(4) 2022 distribution to shareholders of EUR 2.25 per share consisting of a cash dividend of EUR 1.70 per share and a share buyback programme of EUR 0.55 per share, EUR ~440 million.
(5) 2023 distribution to shareholders of EUR 1.25 per share consisting of a cash dividend of EUR 0.90 per share and a share buyback programme of EUR 0.35 per share, EUR ~280 million.
(6) 2024 distribution to shareholders of EUR 2.18 per share, consisting of a cash dividend of EUR 1.09 per share and a share buyback programme of EUR 1.09 per share, EUR ~872 million.
(7) Proposed 2025 distribution to shareholders consisting of a cash dividend of EUR 1.61 per share (subject to the vote of the Annual General Meeting of 27 May 2026) and a share buyback programme of EUR 1.95 per share (considering the number of outstanding shares excluding treasury shares as of 31 January 2026), EUR ~1,462 million, subject to the usual authorisations.
2025 Dividend
Final 2025 dividend
The Board of Directors on 5 February 2026 approved the ordinary distribution policy for the 2025 fiscal year. A cash dividend of EUR 1.61 per share will be proposed to the Annual General Meeting of Shareholders on 27 May 2026, which includes the interim dividend of EUR 0.61 per share (ex dividend date 7 October 2025) paid on 9 October 2025. The final dividend, EUR 1.00 per share, will trade ex dividend on 1 June 2026 and paid on 3 June 2026.
Summary:
- Total amount per share: EUR 1.61
- Amount per share: EUR 0.61
- Ex-dividend date: 7 October 2025
- Payment date: 9 October 2025
- Final dividend: EUR 1.00
- Ex-dividend date: 1 June 2026
- Payment date: 3 June 2026
Interim Dividend 2025
In accordance with the amendment to the distribution policy approved by the Board of Directors on 30 July 2025, Societe Generale 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.