6 INFORMATION ABOUT THE COMPANY AND ITS CAPITAL - Dividends
6.3.1 DIVIDEND PAID TO LIMITED PARTNERS T he Compa ny w i ll p ropo s e to t he Shareholders’ Meeting of June 11, 2020, a dividend of €1.75 per ordinary share and €0.87 per preferred share issued, a 10.06% increase compared with the dividend paid for the 2018 fiscal year (€1.59 per ordinary share and €0.79 per preferred share issued).
Preferred shares are entitled to a dividend equal to 50% of that paid for each ordinary share (rounded down to the nearest euro cent).
DIVIDENDS PAID TO SHAREHOLDERS OVER THE LAST 5 YEARS
(1) Before the two-for-one share split of July 28, 2017.
Dividends not claimed within 5 years from the date of their payment are forfeited and paid to the French Treasury.
6.3.2 DIVIDEND PAID TO THE GENERAL PARTNERS Given that the status of General Partner implies unlimited and several liability, General Partners are entitled to a statutory dividend which is calculated according to the formula set out in Article 56 of the by-laws (see chapter 7, section 126.96.36.199). It is equal to 3% of the overall stock-market performance of the Rubis shares during the relevant fiscal year, as defined by Article 56, and capped at 10% of consolidated net income, Group share for the year, before allowances for depreciation and provisions for intangible assets, subject to the maximum amount of distributable profit. This dividend is reinvested in full by the General Partners in Rubis shares, half of which must be held for a 3-year period. The General Partners split the dividend in accordance with the provisions of the 1997 Shareholders’ Agreement.
In 2018, in the absence of a positive overall stock market performance of the Rubis share, the General Partners received no dividend. In 2019, the dividend paid to the General Partners amounted to €22,356,940.