PARIS — Kering said Thursday that it will distribute an interim dividend of 1.50 euros, or $1.56 at current exchange, per share for the 2016 financial year.
It is to be paid on Jan. 18 on positions closed during the evening of the prior day, according to the French conglomerate, which also specified the ex-dividend date will be Jan. 16.
The company’s board of directors is to decide the balance of the dividend for 2016 on Feb. 9. That then will be voted on at the luxury group’s annual general meeting slated for April 27.
As reported, the strong performance of Kering’s luxury division, which includes labels such as Gucci and Saint Laurent, helped propel the company’s overall revenues up 10 percent in the third quarter to 3.18 billion euros, or $3.54 billion at average exchange, for the three-month period ended Sept. 30. Company sales rose 10.5 percent in organic terms during the quarter, up from 6.9 percent in the second quarter and 4 percent in the first quarter.