The state will ask companies in which it is a shareholder not to pay a dividend this year, Muriel Pénicaud announced on Friday. A measure of "solidarity" in the face of the Covid-19 crisis, the Minister of Labor explained on Friday.
"In companies where the State is a shareholder, we will ask not to pay dividends (...), it is solidarity," said Muriel Pénicaud on Cnews. The minister said "understand the approach of the CFDT" which had called on Wednesday the major French groups not to pay dividends this year.
Airbus and Auchan did the same
Several large French companies have already given up paying a dividend or, at least, reduced the amount initially planned. On Wednesday, the specialist in advertising displays JCDecaux announced that it would give up its dividend and the media giant Lagardère has cut its own.
Previously, among the major French groups, the aircraft manufacturer Airbus and Tarkett, a specialist in floor coverings, had already given up paying a dividend. The motorway restoration company Autogrill, and Auchan Holdings in large retailers, did the same.
Conversely, the transport operator Transdev indicated that it would pay a dividend of 23 million euros, which is half of its 2019 profit, but specified that the payment would only come after the coronavirus crisis.
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