Sword Group Announces Dividend Payment for 2024
Sword Group is set to confirm a gross dividend of €2 per share, pending approval at the upcoming Annual General Meeting. This significant announcement highlights the company's commitment to returning value to its shareholders, reflecting its robust financial performance.
Key Dates for Dividend Payment
The payment schedule is anticipated to include the following key dates:
- Ex-Date: 30/04/2025
- Record Date: 02/05/2025
- Payment Date: 05/05/2025
Understanding Dividend Deadlines
The ex-date is crucial as it's the date from which shares are traded without the entitlement to the upcoming dividend. In contrast, the record date is when the company determines the registered shareholders eligible for the dividend. This clarity helps shareholders understand their rights and plan accordingly.
Withholding Tax Overview
Given that Sword's registered office is located in Luxembourg, shareholders should be aware of the 15% withholding tax applicable to dividends. However, there are potential exemptions detailed as follows:
Individual Shareholders in France
If French tax residents hold their shares outside of a PEA (Plan d’Épargne en Actions), they can benefit from a tax credit matching the amount withheld. This provision effectively prevents double taxation. The IFU document will reflect both the total dividend received and corresponding tax credit.
Shareholders Holding Shares in a PEA
Individuals holding their shares within a PEA will find that no tax refund is available since these dividends are not subject to taxation in France.
Corporate Shareholders in France
Legal entities acquiring less than 10% ownership or with an acquisition price below €1.2 million may similarly benefit from a tax credit equaling the withholding tax, again circumventing double taxation issues.
International Shareholders
Shareholders from outside France holding less than 10% of the shares with an acquisition price below €1.2 million might be eligible for a partial or total tax reimbursement from the Luxembourg tax authorities, contingent upon the stipulations of the double taxation treaty between Luxembourg and their country of residence.
Tax Benefits for Large Holders
For corporate shareholders qualifying under the European Parent-Subsidiary Directive with a significant stake of at least 10% or an investment of at least €1.2 million over a twelve-month period, there is potential for exemption from withholding tax in Luxembourg.
Upcoming Organizational Events
Sword Group also has notable meetings scheduled, including the Annual Shareholders Meeting on 28/04/2025 and the publication of Q2 revenue on 24/07/2025. These events will provide further insights into the company's strategic direction and performance metrics.
About Sword Group
Sword Group boasts a workforce of over 3,500 IT and digital specialists active across more than 50 countries, dedicated to supporting organizations in achieving growth within the digital landscape. With a strong reputation in technological and digital transformation, Sword focuses on managing complex IT and business projects, optimizing processes, and enhancing data management for clients.
Frequently Asked Questions
What is the amount of the dividend announced by Sword Group?
The dividend announced is €2 gross per share, pending approval from the Annual General Meeting.
What are the key dates shareholders should be aware of?
The significant dates include the Ex-Date on 30/04/2025, Record Date on 02/05/2025, and the Payment Date on 05/05/2025.
How does withholding tax apply to dividends from Sword Group?
There is a 15% withholding tax applied to the dividend, yet exemptions may apply based on individual or corporate shareholder status and jurisdiction.
What should French tax residents know about the dividend?
French tax residents outside of a PEA can claim a tax credit equivalent to the withholding tax, assisting in avoiding double taxation.
What does the future hold for Sword Group?
Sword Group is expected to bring forth strategic insights during the Annual Shareholders Meeting, as well as during the Q2 revenue publication in July.
