Dividend

Dividend trends

2016 2017 2018
Interim dividend 1.40 1.60 2.00
Final dividend 2.60 3.40 4.00
Total gross amount 4.00 5.00 6.00
Payout ratio 50% 47% 47%

At a meeting on April 15th, 2020, the LVMH Board of Directors assessed the economic situation resulting from the Covid-19 pandemic and, in light of current events and governmental recommendations, decided to propose a 30% reduction in the dividend announced on January 28th for Shareholders’ approval at the AGM on June 30th, 2020. The dividend for 2019 will therefore be €4.80 per share and, given the interim dividend paid on December 10th, 2019, the balance of €2.60 per share will be paid on July 9th, 2020.