PARIS, March 11 (Reuters) - L'Oreal, the world's largest cosmetic group, is to propose paying a 10 percent increased dividend to registered shareholders who hold stock for at least two years.
The proposal will be made at the company's annual general meeting on April 16, and the first dividend, for 2011, would be paid in 2012, said a group's spokesman.
He added that only shareholders registered by Dec. 31, 2009, would be entitled to this bonus. This will apply to a limit of 0.5 percent of nominal capital per shareholder, said the group.
This measure has only been adopted by two French companies, Air Liquide and SEB, since it was made possible by French law in 1984.
(Reporting by Michel Rose, editing by Will Waterman) Keywords: L'OREAL/ (marcel.michelson@thomsonreuters.com; +33 1 4949 5130; Reuters Messaging: marcel.michelson.reuters.com@reuters.net) COPYRIGHT Copyright Thomson Reuters 2009. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.
The proposal will be made at the company's annual general meeting on April 16, and the first dividend, for 2011, would be paid in 2012, said a group's spokesman.
He added that only shareholders registered by Dec. 31, 2009, would be entitled to this bonus. This will apply to a limit of 0.5 percent of nominal capital per shareholder, said the group.
This measure has only been adopted by two French companies, Air Liquide and SEB, since it was made possible by French law in 1984.
(Reporting by Michel Rose, editing by Will Waterman) Keywords: L'OREAL/ (marcel.michelson@thomsonreuters.com; +33 1 4949 5130; Reuters Messaging: marcel.michelson.reuters.com@reuters.net) COPYRIGHT Copyright Thomson Reuters 2009. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.