an NGO pays record dividends in 2021

The Multinationals Observatory indicates that the year 2022 could well be even more fruitful.

57.5 billion euros. This is the amount calculated by the NGO Observatoire des Multinationales concerning the dividends paid in 2021 by companies belonging to the CAC 40.

In its annual reportthe NGO reports, among other things, dividends of 2.4 billion euros to the Arnault family and 2 billion to the American fund BlackRock, which are the two biggest beneficiaries. The groups have “once again prioritized (their) shareholders”she accuses.

Dividends: +32% compared to 2020

In 2020, the onset of the Covid pandemic had caused the level of dividends to fall, partly explaining this 32% rebound for the year 2021.

Dividends which are added to another form of shareholder bonus, namely share buybacks, the purpose of which is to support stock market prices, for an amount of 23 billion euros for the year 2021.

The State, 3rd beneficiary

The French state is in third place on the podium of the biggest beneficiaries with 1.32 billion euros in profits for 2021.

He is followed by the Bettencourt (890 million) and Pinault (620 million) families, adds the NGO.

Better paid bosses

Dividends did not rise on their own. Indeed, the calculations of the Observatory of Multinationals show that the average remuneration of a boss of the CAC increased by 52% in 2021 to reach 6.6 million euros.

“The increase between 2019 and 2021 is 26.4%” and “the directors of companies in which the State is a shareholder appear at the bottom of the ranking”, analyzes the association. The CEO of the Dassault group ranks first in the ranking with 44 million euros in compensation.

The Observatory estimates that with regard to the remuneration of bosses, “an average employee of the CAC 40 must work 139 days to earn what his boss earns in a single day”. Still on average, a CAC 40 company spent 65,300 euros per employee in 2021, employer contributions included.

16 families for 10% of the dividends

The NGO further notes that“About a tenth of all dividends” of the CAC 40 goes to 16 families linked to major French groups such as LVMH, Hermes, L’Oreal or Kering.

In addition, “the tax contribution of CAC 40 groups seems to be growing much less rapidly than their profits and dividends”.

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