Per share dividend in euros

The dividend for 2015 amounts to €0.35 per share, of which €0.10 comes from the returned surpluses beyond CET1 target in the absence of a significant growth deal, and is in accordance with Natixis commitments (equal to or above 50%).

Since 2013, Natixis has committed itself to a dividend policy much in favor of shareholders. The payment of the €0.35 corresponds to a payout ratio of 91%.

Click here to listen to Laurent Mignon, CEO of Natixis, commenting on the 2015 dividend.

Agenda

• Ex-dividend date: May 27, 2016
• Dividend payment date: May 31, 2016

Net dividend per share and payout ratio

(1)  Following a 10 to 1 share split

(2)  Calculated on pro forma net result

Tax treatment

Principle

The elements which are detailed hereunder are only a summary of the tax treatment usually applicable for cash dividend payments. Shareholders will therefore have to contact their usual account manager to get confirmation of the tax system they will be submitted to. 

Natural resident shareholders

For natural resident shareholders, the dividend is taken into account in full right for determining their global income submitted to the income tax progressive rate and is eligible for tax allowance amounting to 40% of the gross perceived amount (Article 158-3-2° of the French General Tax Code).

Upon payment, the dividend is subject to a 21% withholding tax levied by the paying agent on account of the income tax payment. The collection made as an advance payment is deducted from the payable income tax for the year 2016. Please note that if the 21% withholding tax exceeds the payable tax, the exceeding amount will be paid back.

However, natural shareholders belonging to a tax unit with a fiscal reference income for the year 2014 not exceeding 50,000 Euros for single, widowed or divorced taxpayers, or 75,000 Euros for taxpayers filing jointly are entitled to ask for a waiver of collection subject to their delivering a sworn certificate to their paying institution at the latest on November 30, 2015 (Articles 117 quater and 242 quater of the French General Tax Code).

This dividend is also subject to social contributions withholding taxes levied by the paying agent (even when the shareholder is exempted from the non-definitive withholding tax). These apply to the gross amount perceived and globally amount to 15.50%.

Legal resident shareholders submitted to corporate taxation (ordinary tax system)

Legal resident shareholders holding at least 5% of Natixis shares and who meet the requirements set in Articles 145 and 216 of the French General Tax Code) are eligible to an exemption for dividends collected pursuant to the parent company and subsidiaries exemption regime. However, the Article 216 of the French General Tax Code provides for standard rate reintegration in the beneficiary’s taxable profits of a portion of fees and costs fixed to 5% of the collected dividends.

For legal resident shareholders other than parent companies and subsidiaries, the dividend is included in the taxable results submitted to the corporate tax at the standard rate.

Non-resident shareholders

For natural or legal shareholders whose tax residence is outside France, the dividend is submitted to collection at source at a rate which varies on account of the beneficiary's category, state of residence, head office, or payment place pursuant to Article 119 bis 2 of the French General Tax Code.

Shareholders are advised to consult their usual taxation advisor to determine whether they are eligible to a reduction or exemption of withholding tax pursuant to the provisions of French domestic law or applicable tax agreements.

Shareholders holding their shares in a PEA (Personal Equity Savings Plan)

• The dividend collected under a PEA is not subject to tax when the application terms of the PEA treatment are met.
• The dividend is not submitted to the social contributions withholding tax when distributed.
• This dividend is added to the net asset value for calculation of gain under a PEA.