Dividend

Vallourec’s dividend policy, as defined by the Group in 2003, is, over the long term, to distribute on average 33% of its consolidated net income, Group share.
 

In euros

​2016

2​015

2014

Earnings per share

(2.3)

(6.6)

(7.3)​​​

Dividend per share

-

-

​0.81

Pay-out ratio(1)

-

 ​-

​44.3%​

(1​) The payout ratio is calculated based on the total number of shares outstanding as at 31 December
 

On 12 May 2017, the Shareholders’ Meeting decided not to pay a dividend in respect of the 2016 results. 

The average payout ratio of the last five years is 24.7%.


 

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