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Stock Information

Dividends

Vignette dividende

A dividend is the portion of annual net income that the company pays out to its shareholders. The amount to be paid is proposed by the Board of Directors and approved by the shareholders’ meeting.


In euros

2007

2006

Net dividend

1,21

1,05

Payout ratio (as % of recurring net income)

59,5%

54%

 

Dividend payment

What is a dividend?
A dividend is the portion of annual net income that the company pays out to its shareholders. The amount to be paid is proposed by the Board of Directors and approved by the shareholders’ meeting. The dividend must be paid within 9 months of the close of the fiscal year. In the case of Veolia Environnement, it is paid at the end of May, immediately after its approval by the shareholders.

To be entitled to a dividend, you must own a share at the so-called “coupon removal” date.

You don’t need to do anything in order to receive your dividend: if you own bearer or administered registered shares, your financial intermediary will pay this automatically into your bank account. If you own pure registered shares, you will receive your dividend by check or credit transfer from Société Générale.

 

2007 dividend

A net dividend of 1,21 euros per share on each of the 470.7 million company shares eligible at January 1, 2008, was submitted to the shareholders for approval at the Combined General Meeting of May 7, 2008. This represents a 15,2% increase over the dividend of 1,05 euro per share paid in respect of fiscal 2006.

 

2008 Tax position
The General Tax Code contains the following measures in the case of dividends distributed by Veolia Environnement to natural persons:


  • The tax rate on dividends paid (calculated before deductions) is 11% for social security contributions (2005 CSG: 8.2%; CRDS: 0.5%; social security contribution: 2.3%);
  • Dividends paid are furthermore subject to income tax on a sliding scale after two deductions:
            > An initial deduction of 40% on the gross amount of the dividends;
            > Followed by a general deduction of EUR 1,525 for an individual or EUR 3,050 for a couple;

  • A tax credit of 50% of the amount of the dividends is granted, up to an annual limit of EUR 115 for an individual or EUR 230 for a couple (including personal equity plans).


For more details, please consult your financial consultant or tax adviser.