Listed companies on the Athens Stock Exchange are set to distribute approximately €5 billion in dividends this year, the highest figure since 2007, before the global financial crisis when dividends totaled €5.42 billion. This marks a significant increase from the previous year’s distribution of €4.2 billion. In absolute terms, the largest dividend payout occurred in 2007 when €5.42 billion was returned to shareholders, though it’s important to note that the number of listed companies back then was considerably higher than it is today.
Dividend Distribution by Year:
2007: €5.42 billion, 2008: €4.49 billion, 2009: €2.96 billion, 2010: €1.82 billion, 2011: €1.19 billion, 2012: €0.82 billion, 2013: €0.57 billion, 2014: €0.74 billion, 2015: €0.85 billion, 2016: €1.05 billion, 2017: €1.34 billion, 2018: €1.30 billion, 2019: €2.20 billion, 2020: €1.79 billion, 2021: €1.75 billion, 2022: €2.93 billion, 2023: €4.25 billion
Regarding profitability, the net profits of listed companies reached €10.8 billion in 2023, the highest level since 2007, when profits stood at €11.3 billion.
Net Profits by Year:
2022: €10.3 billion, 2021: €4.08 billion, 2020: €0.67 billion, 2019: €0.84 billion, 2018: €1.59 billion, 2017: €2.38 billion, 2016: €1.71 billion, 2015: €0.86 billion, 2014: Losses of €3.05 billion, 2013: Profits of €2.49 billion, 2012: Losses of €6.6 billion, 2011: Losses of €7.4 billion, 2010: Losses of €3.1 billion, 2009: Profits of €3.8 billion, 2008: Profits of €5.7 billion, 2007: Profits of €11.3 billion, 2006: Profits of €8.3 billion
Greek Banks: Record Dividend Distributions and Strong Profits
Greek banks are expected to distribute dividends totaling between €1.7 billion and €1.8 billion. This comes after, for the first time since 2008, Greek banks paid out dividends in 2022, signaling their return to normalcy after years of financial instability. The four systemic banks will distribute a combined total of €814 million in dividends, underscoring their recovery.
Specifically, the dividends to be paid are as follows,
Eurobank: €342 million (€0.0933 per share)
National Bank of Greece: €332 million (€0.36 per share)
Piraeus Bank: €79 million (€0.063 per share)
Alpha Bank: €61 million (€0.026 per share)
The banks’ management teams are now forecasting a collective net profit of approximately €4.5 billion for 2024. For the period from January to September 2023, the four systemic banks reported combined profits of €3.49 billion, marking a 22.66% increase compared to €2.85 billion during the same period in 2022.
In 2023, the net profits of the four systemic banks totaled €3.645 billion, a slight decrease of 2.38% compared to the previous year. However, the 2022 figure included significant non-recurring gains from transactions and other income. In 2022, the banks’ after-tax profits stood at €3.734 billion, a notable recovery from the €4.8 billion in losses recorded in 2021.
