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Dividend

Dividend distribution policy

The dividend distribution policy is determined by EDF’s Board of Directors. It takes into account the Group’s investment needs, the economic context and any other factor considered to be relevant.

2009 Dividend

The Board of Directors, meeting on 10 February 2010, decided to recommend payment of a dividend of €1.15 per share for FY 2009 at the Shareholders' Meeting. In view of the €0.55 per share interim dividend paid in December 2009 (for holders of existing shares) - including 93.6% in new shares - the remaining €0.60 per share was paid on June 3, 2010 :

  • May 31, 2010: Ex-Date, the date from which the shares are traded on the Stock Market without entitlement to forthcoming dividend payment;
  • June 2, 2010: Record Date, the date on which positions are closed, at the end of the day at the Central Custodian, in order to identify the shareholders who are to receive the balance of dividend;
  • June 3, 2010: Payment Date.

2009 Interim Dividend

EDF’s Board of Directors, meeting on November 5, 2009, decided to pay an interim dividend in respect of the current financial year. For 2009, this interim dividend, which is to be paid on December 17, is set at €0.55 per share. This amount to a total ofapproximately 1 billion Euros.

Between 16 November 2009 and 4 December 2009 inclusive, shareholders were able to opt for payment in cash or in the form of shares by filing a request with their financial intermediaries.

To find out more, please see “Questions & Answers” on the payment of the 2009 interim dividend in the form of shares.
The State, a majority shareholder in EDF, stated on the evening of 5 November that for its part it intended to opt for payment of the 2009 interim dividend in the form of shares.

The issue price for the new shares resulting from the share payment option was fixed at €35.13, or equal to 90% of the opening trading prices quoted on Euronext Paris for the twenty-day period prior to the Board’s decision, less the net amount of the interim dividend and rounded up to the nearest euro cent.

As this is an interim dividend that paid ether in shares or in cash, it becomes ex-dividend as follows:

  • November 13, 2009 after hours: Record Date, the date on which positions are closed, at the end of the day at the Central Custodian, in order to identify the shareholders who are to receive an interim dividend
  • November 16, 2009: Ex-Date, the date from which the shares are traded on the Stock  Market without entitlement to forthcoming dividend payment
  • December 17, 2009: Payment Date.

Dividend history

Evolution of the dividend

  • In 2009, in respect of 2008 results : The General Meeting of Shareholders held on May 20, 2009 voted for the payment of a dividend of €1.28 per share, in respect of 2008. Given the interim dividend payment of €0.64 per share paid on December 17, 2008, the remaining €0.64 per share was paid on June 3, 2009.
  • In 2008, in respect of 2007 results: The General Meeting of Shareholders held on 20 May, 2008 voted for the payment of a dividend of €1.28 per share in respect of 2007 corresponding to 50% of the net result excluding non-recurring items. Given the interim dividend of €0.58 (paid on November 30, 2007), the remaining €0.70 per share was paid on June 2, 2008.
  • In 2007, in respect of 2006 results: The General Meeting held on 24 May, 2007 voted for the payment of a dividend of 2.1 billion Euros, or €1.16 euro per share in respect of 2006, an increase of 47 % compared to 2005, which was paid on June 4, 2007.
  • In 2006, in respect of 2005 results: The Ordinary General Meeting held on June 9, 2006 voted for the payment of a dividend of 1.4 billion Euros, or €0.79 per share, which was paid on June 20, 2006.

Interim dividend history :
  • EDF’s Board of Directors, meeting on November 7, 2007, decided in respect of the current financial year, to pay on November 30, 2007 an interim dividend of 0,58 euro per share.
  • EDF’s Board of Directors, meeting on November 20, 2008, decided in respect of the current financial year, to pay on December 17, 2008 an interim dividend of 0,64 euro per share.
  • EDF’s Board of Directors, meeting on November 5, 2009, decided in respect of the current financial year to pay on December 17, 2009 an interim dividend of 0,55 euro per share.

Payment of dividends

The dividend is attached to a share.

As this is a cash payment, there is no specific procedure to follow; the dividend is credited by your financial intermediary straight into the bank account associated with your share account.

Since the beginning of 2008, the paying bank deducts at source the amount of social security payments due on the dividends (11% in 2008 and 12.1% with effect from January 2009). This provision does not apply to revenue received from a PEA (Share Savings Plan).

For more information:

To find out more on the reference dates linked to the payment of the dividend, please see page “your questions > dividend

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