The general meeting of Galp Energia, SGPS, S.A. held on May 10, 2024, approved the 2023 dividend of €0.54 per share. On August 25, 2023, an interim dividend of €0.27 per share was paid.
According to the Portuguese law, shareholders are hereby notified that the remaining dividend amount will be payable as from May 31, 2024, as follows:
| Gross dividend per share |
EUR 0.27 |
|
Personal income tax (28%)(1) EUR 0.0756
Net dividend per share EUR 0.1944
|
Corporate income tax (25%)(1) EUR 0.0675
Net dividend per share EUR 0.2025
|
The ex-dividend date is May 29, 2024 and the record date is May 30, 2024.
The dividends will be paid through the Central de Valores Mobiliários. Banco Santander Totta, S.A. is the paying agent.
(1) For potential tax exemption, exclusion from withholding or reduction of the withholding tax rate, shareholders must confirm their tax status with the financial institution at which their shares are deposited.
Shareholders resident in Portugal and subject to personal income tax (‘IRS’) are charged with a final tax rate of 28%, unless an option for aggregation is made, to the extent that they are not obtained from entrepreneurial or professional activities (if dividends are obtained within the scope of an entrepreneurial or professional activity, the aggregation is mandatory).
The final withholding tax rate shall be 35% if the dividends are paid or made available to: (i) omnibus accounts, unless the beneficial owner of such dividends is disclosed or (ii) non-resident entities without a permanent establishment in Portuguese territory, which are domiciled in a country, territory or region subject to favorable tax regime, according to the list approved by Decree|Ordinance of the Ministry of Finance.