Dassault Systèmes to reduce dividend
On March 18, 2021, Dassault Systèmes (Dassault Systèmes) announced that it is proposing the approval of a dividend of €0.56 per share at the next General Meeting of Shareholders on May 26.
The previous year’s dividend was €0.7 per share, which means a 20% cut.
This is the first time that Dassault Systèmes has cut its dividend since 2005, when it increased its dividend exceptionally in the previous year. (See chart below)
As previously reported, Dassault Systèmes has seen a slowdown in new license sales since 2020.
(Reference article) Dassault Systèmes software sales continue to decline
Commenting on the dividend reduction, Bernard Charres, Vice Chairman and Chief Executive Officer of Dassault Systèmes, said, “Dassault Systèmes’ daring move to acquire MEDIDATA proved to be particularly relevant in 2020’s unprecedented health and economic environment. One year after its largest investment, Dassault Systèmes pursues its deleveraging commitment and confirms its long term policy and track record in terms of dividend distribution.”
