Sword Group Confirms 2024 Dividend Payment
Subject to the approval in the upcoming Annual General Meeting, Sword Group has announced an attractive dividend payment of €2 gross per share. This initiative highlights the company's commitment to returning value to its shareholders and strengthening its rapport with investors.
Payment Schedule Details
The payment schedule for this dividend reflects a structured approach aimed at clarity for shareholders. Here are the key dates to note:
Ex-Date: 30/04/2025 (unchanged date)
Record Date: 02/05/2025 (date shifted by one day)
Payment Date: 05/05/2025 (changed to a Monday)
Understanding Dividend Deadlines
To fully grasp the mechanics of dividend payments, it's important to understand various key deadlines associated with them. The Ex-Date signifies when the shares will trade without entitlement to the dividend. The Record Date is when the shareholders on record will be eligible for the dividend distribution.
Tax Withholding Information
Given Sword's location in Luxembourg, a withholding tax of 15% is applied to dividends. However, shareholders may be eligible to avoid this tax under specific conditions, which varies based on individual circumstances.
For Individual Shareholders in France
If you are a French tax resident and your shares are not placed on a PEA (Plan d'Epargne en Actions), you can benefit from a tax credit equal to the amount withheld at source, effectively avoiding double taxation. If your shares are placed on a PEA, the tax credit becomes non-refundable as the dividend itself is not taxed in France.
Legal Entity Shareholders' Tax Benefits
For legal entities established within France, holding less than 10% and purchasing shares for less than 1.2 million euros can also benefit from a tax credit equivalent to the withholding tax, which helps eliminate concerns about double taxation.
Shareholders Outside of France
Shareholders residing outside France, under similar conditions, may request partial or full reimbursement of withheld tax from the Luxembourg tax authorities if they are eligible for a lower withholding rate due to a tax treaty with Luxembourg. Additionally, they can claim a tax credit in their home state equivalent to the amount withheld.
European Parent-Subsidiary Directive Implications
Legal entities meeting the criteria established by the European Parent-Subsidiary Directive, holding a minimum of 10% for twelve months or having made significant acquisitions, may qualify for exemption from withholding tax in Luxembourg, representing considerable savings.
Important Upcoming Dates
Shareholders should mark their calendars for the following significant events associated with the dividend and the company's performance:
Annual Shareholders Meeting: 28/04/2025
Publication of Q2 2025 Revenue: 24/07/2025
About Sword Group
Sword Group is recognized for housing over 3,500 IT and digital specialists across more than 50 countries. The company excels in ushering organizations through their growth journey within the digital landscape.
As a frontrunner in technology and digital transformation, Sword Group has established a strong reputation in managing complex IT and business projects effectively, ensuring optimized processes and enhanced data handling for its clients.
Frequently Asked Questions
What is the amount of the dividend announced by Sword Group?
The company confirms a dividend of €2 gross per share, pending approval during the Annual General Meeting.
When will the dividend be paid?
The payment date for the dividend is set for 5th May 2025, after a record date of 2nd May 2025.
How does the withholding tax apply?
A 15% withholding tax is levied on dividends, although certain exemptions and credits are available depending on the shareholder's location and residency status.
Are there tax benefits for French shareholders?
Yes, French individual shareholders may obtain a tax credit to offset the withholding tax, while legal entities can also benefit from similar credits under specific conditions.
What should shareholders do if they reside outside France?
Non-French shareholders can potentially request a reimbursement for withholding tax if their state has a favorable tax treaty with Luxembourg and can also claim a credit in their country of residence.
