Report
Pierre Tegner

L'Oreal : Dividend: the board will propose renouncing the planned increase. The good news is that there will be a dividend ... and at the same level as 2018

>A dividend will be paid, in cash and at the level of that for 2018 - L’Oréal announced on Tuesday evening that the board of directors had met on 12 May and that it will propose at the general meeting that the 2019 dividend be at the same level as that for 2018, i.e. € 3.85/share. The press release presents this decision as renouncing the +10.4% increase that had been announced in February at the annual results release. We have not consulted the resolutions that ...
Underlying
L'Oreal SA

L'Oreal acts as a holding company. Through its subsidiaries, Co. plays a strategic coordination role and scientific, industrial and marketing coordination role on a global basis. Co. develops, manufactures and commercializes products for Skin care, Hair care, Make-up, Perfumes, Toiletries and deodorants, and Oral cosmetics. Co. has three branches: Cosmetics, Body shop and Dermatology. Co.'s principal activities comprise four divisions: Professional Products, Consumer Products, L'Oreal Luxe and Active Cosmetics. The Body Shop branch offers various cosmetics and toiletry products. The Dermatology branch offers topical dermatology prescription, and corrective and aesthetic dermatology.

Provider
Oddo BHF
Oddo BHF

​Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.

Analysts
Pierre Tegner

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