Dividend

Dividend commitment

GBL’s paid dividend is derived from (i) cash earnings⁽¹⁾ and (ii) capital gains on asset disposals⁽²⁾.

Cash earnings are primarily composed of (i) the net dividend paid by GBL’s portfolio companies and (ii) dividends from GBL Capital and Sienna Investment Managers (“SIM”).
GBL decides, at its discretion, the amount of capital gains on asset disposals that contribute to the group’s paid dividend.
As part of the Strategic Update ⁽³⁾ in November 2024, the group announced that the €5.00 dividend per share payable in FY 2025 for FY 2024 ⁽⁴⁾would serve as a new base for steady growth. Going forward, GBL will communicate the proposed amount of the dividend per share in the full-year results publication.
On this basis, GBL will continue to provide an attractive dividend to its shareholders while, thanks to its solid liquidity profile, releasing financial resources to support (i) net asset value per share growth throughout the cycle, (ii) its portfolio companies if needed and (iii) the execution of the group’s share buyback program.

^{(1) Indicatively 75%-100%}
^{(2) Indicatively 50%-100%}
^{(3) Information on GBL’s mid-term outlook (2024-2027) can be found in the Strategic Update presentation in the “Investors” section}
^{(4) As announced on July 31, 2024; as is customary, subject to approval at GBL’s General Shareholders’ Meeting}

Scroll to content

Profit distribution and proposed dividend

The profit allocation related to the 2024 financial year will be submitted for approval to the Ordinary General Meeting on May 2, 2025, for a total of EUR 665.7 million, compared to EUR 380.5 million granted for the previous year.

Taking into account the number of GBL shares entitled to dividends, this proposal for the distribution of profits corresponds to a gross dividend of EUR 5.00 per share, equivalent to EUR 3.50 net per share.

Evolution of the gross dividend per share and dividend yield over the last 10 years
(in euro)

Gross dividend per share
Dividend yield

Dividend per share

Gross dividend per share: EUR 5.00 (+82%)

Total amount: EUR 665.7 million

Coupon n°27

May 9, 2025

Ex-dividend date

May 12, 2025

Record date of the positions eligible

May 13, 2025

Payment date

Dividend

Dividend commitment

Profit distribution and proposed dividend

Coupon n°27

Groupe Bruxelles Lambert (GBL)

Contact

Investor Relations