Dividend
| Year | Payment date | Dividend per share (EUR) | Dividends (EUR m) | Payout ratio |
| 2019(1) | – | – | – | – |
| 2018 | 22.05.2019 | 0.30 | 17.7 | 32.5% |
| 2017 | 28.05.2018 | 0.27 | 15.9 | 33.1% |
| 2016 | 22.05.2017 | 0.38 | 20.3 | 33.4% |
| 2015 | 21.06.2016 | 0.40 | 20.3 | 33.1% |
| 2014 | 26.06.2015 | 0.20 | 10.2 | 20.2% |
| 2013 | 30.05.2014 | 0.20 | 10.2 | 26.1% |
Subject to the approval by the general shareholders’ meeting, ProCredit targets a dividend payout ratio of one third of the previous year’s annual consolidated profit after tax.
Notes:
(1) No dividend was distributed to shareholders from the profits of the financial year 2019 due to the recommendations of the regulatory authorities in regards to the Covid-19 Pandemic prevailing in 2020. We continue to deduct one-third of the consolidated results for 2019 for dividend purposes. More information here.