European Dividend Aristocrats and French cosmetic giant L’Oreal’s (OR.PA) board of directors has decided to renounce the planned increase in the dividend of 10.4%, and consequently to propose to the Annual General Meeting a dividend of €3.85. The company’s annual general meeting is set for June 30 and will take place behind closed doors.
Since this amount is the same as the dividend paid in 2019, L’Oreal will lose its streak of 37 consecutive years of dividend increases.
The dividend will be paid on Tuesday 7 July 2020, with an ex–dividend date of Friday 3 July at 00h00 (CEST).
