LVMH Announces Significant Dividend for Shareholders in 2024
LVMH Confirms Dividend for Financial Year 2024
LVMH Moët Hennessy Louis Vuitton, one of the world's leading luxury goods conglomerates, has made a remarkable announcement regarding dividends for its shareholders. Recently, at the Annual Shareholders’ Meeting, the company approved a dividend payout for the financial year 2024 amounting to 13.00 Euros per share. This decision reflects LVMH's robust performance and commitment to returning value to its shareholders.
Details of the Dividend Payment
The dividend payout is structured in two parts. Shareholders have already received a payment of 5.50 Euros, which was disbursed on December 4, 2024. The remaining balance of 7.50 Euros is scheduled to be distributed on April 28, 2025. Importantly, April 23, 2025, will be the last trading day for shareholders to have rights to receive this dividend. The strategic decisions behind these payouts aim to reinforce investor confidence and illustrate LVMH's financial health.
About LVMH's Extensive Portfolio
LVMH boasts an impressive portfolio across various luxury sectors, showcasing its diverse offerings. In the Wines and Spirits segment, renowned brands such as Moët & Chandon, Veuve Clicquot, and Hennessy underline LVMH's commitment to heritage and excellence. Meanwhile, the Fashion and Leather Goods division features iconic names like Louis Vuitton and Christian Dior, representing the pinnacle of luxury and style.
The company's presence in the Perfumes and Cosmetics sector is equally notable, with prestigious labels such as Guerlain and Fenty Beauty by Rihanna. Lastly, LVMH's Watches and Jewelry division includes celebrated brands like Bulgari and Tiffany & Co, asserting its leadership in luxury horology and jewelry.
Commitment to Shareholders and Growth
LVMH's decision to increase dividend payments aligns with its long-term strategy to enhance shareholder value while continuing to invest in quality and innovation. By sustaining a balance between rewarding shareholders and investing in future growth opportunities, LVMH demonstrates its resilience and adaptability in a competitive luxury market.
Company Contacts for Further Information
For further inquiries regarding LVMH, shareholders and interested parties can reach out to the company’s dedicated contacts. Analysts and investors can contact Rodolphe Ozun at +33 1 44 13 27 21, while media inquiries can be directed to Jean-Charles Tréhan at +33 1 44 13 26 20. These contacts are vital for engaging with the company's ongoing developments, including insights into future growth prospects and strategic initiatives.
Frequently Asked Questions
When is the dividend payment date for LVMH in 2024?
The remaining balance of the dividend will be paid on April 28, 2025.
How much is the total dividend for the financial year 2024?
The total dividend is 13.00 Euros per share.
Who are the key brands owned by LVMH?
LVMH owns several prominent brands, including Louis Vuitton, Christian Dior, Moët & Chandon, and Tiffany & Co.
What is LVMH's strategy for shareholder value?
LVMH aims to balance dividend payouts with ongoing investments in quality and innovation to ensure sustainable growth.
How can I contact LVMH for more information?
For inquiries, contact Rodolphe Ozun at +33 1 44 13 27 21 for investors, or Jean-Charles Tréhan at +33 1 44 13 26 20 for media questions.
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