5/8/2020 | Dividends

Dividends payment

The general meeting of Galp Energia, SGPS, S.A. held on April 24, 2020 approved the 2019 dividend of €0.70 per share. On September 10, 2019, an interim dividend of €0.31625 per share was paid.

According to the Portuguese law, shareholders are hereby notified that the remaining part of the dividend will be payable as from May 21, 2020, as follows:


Gross dividend per share EUR 0.38375

Personal income tax (28%)(1)       EUR 0.10745

Net dividend per share       EUR 0.27630

Corporate income tax (25%)(1)       EUR 0.0959375

Net dividend per share       EUR 0.2878125

The ex-dividend date is May 19, 2020 and the record date is May 20, 2020.

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.