What is TUI’s current dividend policy?

Updated dividend policy will be based on a core dividend payout of 30 - 40% of the Group’s Underlying EAT1 with a dividend floor (minimum payout) of €0.35 per share guaranteeing shareholders a minimum payout irrespective of the market environment of the tourism industry going forward. 

Under the terms of the brigding loan, granted by KfW, the annual dividend will be suspended during the course of the credit line.

Underlying EAT post minorities at constant currency is calculated as Underlying EBIT minus interest expenses adjusted by one-off items minus tax based on underlying tax rate of currently 18% minus minorities adjusted for one-off items.

What was the amount of the last dividend and when was it paid?

For the financial year 2019 the Supervisory Board proposed a dividend of 0.54 per share at the Annual General Meeting 2020, which took place on 11 February 2020. The Shareholders confirmed the dividend. 

Which date was the ex-dividend date?

The ex-dividend date is the date after the AGM.

When will the next dividend be paid?

Dividend payments are subject to adequate balance sheet capacity, recommendations by the Executive and Supervisory Board of TUI and approval at the TUI Annual General Meeting of the respective business year.

Does TUI Group pay interim dividends?

As a German stock corporation TUI AG is not permitted to pay interim dividends but may only distribute its dividends annually.

When do I have to be a shareholder to be entitled for a dividend?

The date of the AGM is the last possible day to buy TUI shares with a dividend entitlement.

Development of dividends and earnings of the TUI share

2012/13 2013/14 2014/15 2015/16 2017 2018 2019
Earnings per share - 0.14 + 0.26 + 0.64 + 1.78 + 1.10 + 1.17 + 0.71
Dividend 0.15 0.33 0.56 0.63 0.65 0.72 0.54