As part of the the Covid-19 crisis, pleae read the press release issued by François Riahi, Natixis Chief Financial Officer, relating to the dividend for the fiscal year 2019.
As a matter of fact, Natixis decided to comply with the European Central Bank recommendations relative to the dividend pay-out.
As such, during the Annual General Meeting scheduled for May 20, 2020, the Board of Directors will not put up for vote the approval to pay a €0.31 dividend per share for the fiscal year 2019. The positive impact of this measure will amount to 100 basis points on Natixis’ solvency ratios. Besides, the Stock Exchange rate will not be impacted by the dividend which was scheduled to be paid in May.
Natixis’ Board of Directors will reconsider this decision after October 01, 2020 in order to allow for a potential distribution depending on the prevailing situation at that time.
The return to the shareholder remains at the heart of our asset-light model but the unusual nature of this crisis justifies for the moment cautiousness and a provisional exception to our pay-out policy.
Dear Shareholder, we thank you for your understanding amid this uneasy context.