Dividend Policy

As set out in the 2016 Annual Report, for the 2017 financial year and beyond, GVC pursues a progressive dividend policy, which reflects the growth in the business and with the objective to return no less than 50% of free cashflow.

On 14 September 2017 the Group declared an interim dividend of 16.5€c per share to be paid on 19 October 2017. This declared interim dividend was expected to represent 50% of the aggregate full year payout. The 2017 interim dividend marked a resumption of ordinary dividend payments following the dividend holiday between 1 February 2016 and 1 February 2017, which related to the Cerberus Loan used to part-finance the acquisition of bwin.party.

On 9 March 2018 the Group declared a second interim dividend of 17.5€c in respect of the financial year ended 31 December 2017 and together with the first interim dividend of 16.5€c this resulted in an aggregate of 34.0 cents for the period. This represented an increase of 13% on the aggregate declared special dividends of 30€c for the 2016 financial year. In terms of dividends paid in 2017, this totalled 46.5€c (nil in 2016).

2017 Second Interim Dividend Timetable

09 March 2018Dividend declared
22 March 2018Ex-dividend date
23 March 2018Record date
03 May 2018Payment

Dividend History & FX Rates

Recent Dividend History

Ordinary and special dividends declared in fiscal year.

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Record of dividends per share and EUR/GBP rates used since 2007

Date declaredHeadline rate Divi per share
in EUR
 Divi per share
in pence
 Actual
FX rate
 Notes
01/05/20071.4697 19.3 13.00 (six figures) Dividend declared in GBP
at 13p per share
01/10/20071.4388 20.0 13.90 1.438849  
01/05/20081.2658 20.0 15.90 1.257862  
01/10/20081.2634 20.0 15.83 1.263424  
01/05/20091.1254 20.0 17.77 1.125492  
01/10/20091.0953 20.0 18.26 1.095290  
01/06/20101.1915 50.0 41.96 1.191500  
28/09/20101.1400 10.0 8.77 1.1400  
28/03/20111.1312 10.0 8.84 1.131222  
29/09/20111.1547 10.0 8.66 1.154734  
25/05/20121.2523 11.0 8.7835 1.252348  
19/09/20121.2405 15.0 12.09 1.240541  
25/01/20131.1875 7.0 5.895 1.187507  
          
Subtotal  232.30 189.66    

Dividends paid / declared since acquisition of Sportingbet plc on 19 March 2013

Date declaredHeadline rate Divi per share
in EUR
 Divi per share
in pence
 Actual
FX rate
 Notes
01/07/20131.1582 10.5 9.0658 1.158199 First Interim dividend, 2013
25/09/20131.1910 10.5 8.816106 1.191002 Second Interim dividend, 2013
09/01/20141.2105 11.5 9.500 1.210526 Third Interim dividend, 2013
09/04/20141.219 11.5 9.434 1.219 Final dividend
09/04/20141.219 4.5 3.691 1.219 Special dividend
15/07/20141.26645 12.5 9.87 1.26645  
22/09/20141.27632 12.5 9.79 1.276324 Special Interim dividend
22/09/20141.27632 2.5 1.96 1.276324 Special dividend
12/01/20151.30250 12.5 9.60 1.3025 Third interim dividend
23/03/20151.3600 14.0 10.29 1.360544 Final dividend 2014
23/03/20151.3600 1.5 1.10 1.360544 Final dividend 2014 – Special
08/07/20151.43479 14.0 9.7575 1.43479 Quarterly dividend 2015
08/10/20151.35302 14.0 10.3472 1.35302 Second interim dividend, 2015
03/11/20161.19200 14.9 12.50 1.192000 Special dividend 2016
(increased 15/02/16)
23/03/20171.15647 15.1 13.057 1.156470 Second special dividend 2016
14/09/20171.12858 16.5 14.620 1.128576 Interim dividend
 09/03/20181.15205 17.5 15.19 1.152050 2017 Second Interim Dividend
Subtotal  196.0 219.467    
Total since 01.05.2007  428.3 348.247