KER

By Ed Frankl

Kering said Thursday that it has declared an interim dividend of 4.50 euros ($4.73) for the 2022 financial year, higher than at the same time last year.

The French luxury group, which owns brands including Gucci, Balenciaga, and Yves Saint Laurent, said the interim dividend will be paid on Jan. 18.

The balance of the dividend for full year of 2022 will be proposed by the board on Feb. 14 for approval at the annual general meeting in April.

In December 2021, Kering's interim dividend was EUR3.50, while the total dividend for the full year was EUR12.

The ex-dividend date will be Jan. 16 before trading, Kering added.

Write to Ed Frankl at edward.frankl@dowjones.com

(END) Dow Jones Newswires

December 08, 2022 12:15 ET (17:15 GMT)

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