4 2021 results and outlook for 2022 Financial results www.saint-gobain.com SAINT-GOBAIN UNIVERSAL REGISTRATION DOCUMENT 2021 132 Shareholder return policy 1.4 In 2021, Saint-Gobain returned a total of €1.2 billion to its shareholders. The TSR of the Saint-Gobain share climbed to69%for the year as a whole: almost €700 million was paid by the Group to its ■ shareholders in respect of the dividendfor 2020; Saint-Gobain Group spent €518 million buying back its ■ shares in 2021 (net of offsetting employee share creation) in order to reduce the number of shares outstanding to 521 million at December 31, 2021 from 530 million at end-December 2020, ahead of its target of €2 billion in share buybacks over five years (2021-2025). In 2022, the Group therefore expects to return over €1.2 billion in total to shareholders: June 2, 2022 a cash dividend up 23% to €1.63 per share (versus €1.33 in 2020). This dividend represents 30% of recurring net income and a dividend yield of 2.6% based on the closing share price at December 31, 2021 (€61.87). The ex-dividend date has been set at June 6 and the dividend will be paid on June 8, 2022; at today’s meeting, Saint-Gobain’s Board of Directors ■ decided to recommend to the Shareholders’ Meeting on the Group will allocate at least €400 million for share ■ buybacks in 2022 (net of offsetting employee share creation) – in order to further reduce the number of its outstanding shares – in line with the objectives announced on presenting its “Grow & Impact” plan on October 6, 2021; the Group will recommend to the Annual General ■ Meeting of June 2, 2022 to increase the maximum purchase price for its own shares, from €80 to €100 per share.
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