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Schneider Electric : Shareholders' Meeting

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04/23/2019 | 08:09pm EDT
The 2018 fiscal year dividend of 2.35 Euros per share will be submitted to shareholders' vote on April 25 2019. The dividend is up +7% compared to previous year and represents a pay-out ratio of more than 50% of adjusted net income.

The distribution of EUR2.35 per share constitutes distributed income subject to a social security tax of 17.2% charged on the gross amount when paid. The gross amount of French-source dividends received by resident individuals will also be subject to a mandatory non-definitive levy at source of 12.8%, but exemption from this levy. In 2020, dividends will in principle be subject to a flat tax ('Prélèvement Forfaitaire Unique' - 'PFU') at the rate of 12.8% unless option for dividends to be subject to income tax at ordinary progressive rates. In such case, after applying a 40% (uncapped) allowance, only 60% of the dividends will be included in the taxable income, less any deductible charges and expenses. The above-mentioned levy at source of 12.8% will be imputed on the income tax that will be due in 2020 for income earned in 2019.
Shareholders are invited to contact their usual advisors for further information about the applicable tax regime.

2019 Annual General Meeting will be held on April 23, 2020, in Paris Palais des Congrès.

Disclaimer

Schneider Electric SE published this content on 25 April 2019 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 24 April 2019 00:08:12 UTC

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