I enjoy my benefits

We include all Air Liquide Shareholders in our growth. This is why dividends are paid yearly and represent approximately 63% of net profit. In addition, Free Share attributions regularly occur for all Shareholders, whether they are with Air Liquide (direct registered) or with their financial institution (bearer or intermediary registered).

Holding registered shares for 2 full calendar years

+10% on the dividend amount
+10% of Free Shares

Your dividends

Approximately 63% of net profit: that is what we distribute to our Shareholders. It is a testament to the Group’s desire to include you in the fruits of its growth.

Dividend amount

The amount is submitted for Shareholder approval at the General Meeting.

At the Annual General Meeting on May 5, 2026, the payment of a dividend of 3.70 euros per share will be proposed to Shareholders for the fiscal year 2025. The proposed dividend shows a growth of +12.1% compared with the 2024 dividend, adjusted to take into account the 1 for 10 free share attribution scheduled for June 2026, subject to the approval of the Annual General Meeting. The ex-dividend date will take place on May 18, 2026 and the payment will take place on May 20, 2026.

Dividend payments

If you are a direct registered Shareholder, your bank account will be credited with the dividend net of withholding taxes.

If you are an intermediary registered or bearer Shareholder, we will pay the gross dividend to your financial institution, which will then credit your account with the dividend minus any withholdings.

NoteIf you are a direct registered Shareholder and your bank account information has changed, you can update it online from your Shareholder Portal in the “My Profile” section. You can also send us your new bank details, along with a copy of your ID, through our dedicated page, selecting the subject “Updating Personal Details.”

Advance withholding exemptions

When you receive dividends, there is a 31.4% withholding: 18.6% is withheld for social contributions, while 12.8% is an advance tax withholding.

If your reference taxable income is less than €50,000 for an individual or less than €75,000 for joint filing, you can request an exemption from the advance withholding.

You should send your account manager a sworn statement between September 1 and November 30 every year.

For Shareholders whose shares are held with Air Liquide as direct registered shares, you can request this exemption from your Shareholder Portal and obtain confirmation that your request was received.

We remind you that you are personally responsible for declaring your income and capital gains from the sale of securities to the tax authorities. The data made available to you is intended to facilitate your procedures and is provided for information purposes only, based solely on the elements available to Air Liquide. Air Liquide cannot, under any circumstances, be held responsible for the accuracy of the information you report in your tax return.

Your loyalty bonus

For registered shares held for longer than two full calendar years, you will receive an additional +10% on the amount of dividends received and be attributed an additional +10% in free shares. It is our way of thanking you for your loyalty.

How to receive it

It couldn’t be easier! In fact, you do not have to do anything if you:

Hold direct registered shares (with Air Liquide) or intermediary registered shares (with a financial institution that you have asked to convert your shares into intermediary registered shares)
Have held your shares for more than two full calendar years
Still hold them when dividends are paid and Free Shares are attributed

In order for shares purchased in 2026 to benefit from the Loyalty Bonus in 2029:

If you bought them from your financial institution: you must ask it to convert your shares to intermediary registered shares so that they are converted before December 29, 2026.
If you bought them from Air Liquide (“direct registered”): you don’t have to do anything. Your last purchase orders for 2026 must be executed by December 29, 2026 at 2:00 pm (Paris time) at the latest.

NoteAttributed Free Shares have the same benefits as the shares they are derived from, including seniority, voting rights, dividends, and loyalty bonus. In the case of a gift or hand-to-hand gifts to a spouse or relative entitled to inherit, or in case of an inheritance, the loyalty bonus is retained.

Calendar

2026	For your shares held: At a financial institution: you must ask it to convert your shares to intermediary registered shares so that they are converted before December 29, 2026. With Air Liquide (“direct registered”): you don’t have to do anything
2027-2028	You keep your registered shares for two full calendar years.
2029	You benefit from the Loyalty Bonus for these shares for the first time.
2030, ...	You benefit from the Loyalty Bonus for these shares every year.

Your Free Shares

Our Free Share attribution lets you grow your portfolio. This occurs regularly at Air Liquide, with ten attributions over the past 20 years. The next free share attribution on the basis of one free share for every 10 shares held, as well as the application of a loyalty bonus took place in June 2024.

+10%

of Free Shares for registered Shareholders.

Increasing your stock portfolio’s value

We distribute approximately 63% of our net profit to our Shareholders: this is part of Air Liquide’s shareholder policy.

The Group regularly distributes Free Shares, which lets you not only grow your share holdings, but also your future dividends. Moreover, if you hold registered shares for more than two full calendar years, the loyalty bonus entitles you to +10% more Free Shares (subject to the conditions defined by Air Liquide’s articles of association).

Free Shares have the same benefits as the shares they are derived from loyalty bonus, seniority, voting rights and dividend rights.

Learn more about the free share attribution

What happens if the number of shares you hold is not a multiple of the attribution transaction?

If the number of shares you hold is not an attribution transaction multiple, you will receive payment for the portion of the share that could not be distributed directly in your bank account. This is called a “fractional right.”

Note:Fractional rights are calculated in the total sales for capital gains tax, with the amount received being taxable from the first euro.

Calculation Method

A shareholder holds 225 shares in his portfolio, 112 of which are eligible for the Loyalty Bonus (held in registered form for more than two full calendar years).

Free Share Allocation (1 Free Share for every 10 held)

For the 225 shares held:

Free Shares: 22 (220 ÷ 10)
+
Fractional shares: The remaining 5 shares are not enough to obtain a whole share. They generate a fractional share of 0.5 share.

The Loyalty Bonus (+10% in Free Shares on the number of Free Shares distributed)

For the 112 eligible shares:

Additional Free Share: 1 (i.e. 1 share for every 100 held)
+
Additional fractional share: The remaining 12 shares generate a fractional share of 0.12 share.

Note:Free Share attribution occurs on an account-by-account basis. As such, if you hold securities in an ordinary securities account and in a share savings plan, the fractional rights are not fungible.
Free Share attribution also occurs on a type-by-type basis. There is no fungibility of fractional rights for intermediary registered shares and bearer shares. If you purchased bearer shares, you can ask your account manager to convert them to registered in order to benefit from the loyalty bonus after you have held them for two full calendar years.

Why choose direct registered shares?

We have established a privileged relationship with our direct registered Shareholders. This translates into a number of benefits.

Open your securities account
With Air Liquide, it's 100% free and can be done online in just a few minutes. You'll then be ready to make direct transactions with Air Liquide.
Handling and management fees for your shares.
They are available to you free of charge.
Broker rate

A favorable brokerage rate with no minimum purchase:

0.10% (excl. tax) for stock orders placed via your online Shareholder Portal.

0.15% (excl. tax) for stock orders placed via other channels (phone, mail, etc.).
Loyalty bonus
After holding your shares for two full calendar years, the amount of dividends you receive and the number of free shares attributed to you increases by +10%. This bonus is also valid for intermediary registered shares.
Our Shareholder Services’ Expertise
Shareholder Services is here to help you with all aspects of share management: opening and managing your account, placing stock market orders, understanding tax conditions, and passing on your securities.
24/7 Access to your online Shareholder Portal
An e-portal for your transactions that lets you directly manage your portfolio with freedom.

Why choose intermediary registered shares?

Intermediary registered shares let you stay with your financial institution and receive the loyalty bonus for shares you have held for more than two full calendar years. This type of shareholding notably lets you keep your Air Liquide securities in your share savings plan, all while maintaining your eligibility for the loyalty bonus.

Note
You must ask your financial institution to convert your shares to intermediary registered shares, otherwise, your shares remain bearer shares and are not eligible for the loyalty bonus. Your financial institution may charge you finance fees for this conversion.

You can download our form for conversion to intermediary registered shares by clicking on the link below:

Conversion of bearer securities to intermediary registered securities

Download the document PDF (133.03 KB)

Stay in touch with your Group!

Want to stay up-to-date with Air Liquide’s news? Subscribe to our digital communications.

As a subscriber, you can:

Stay informed about the Group’s news, learn about the quarterly results and receive our monthly newsletter
Be invited to events like Air Liquide meetings with Shareholders and other share ownership events
Take part in our contests, like the Night Fountains Shows at Versailles

There are two ways to subscribe:

For registered Shareholders, subscribe via the Shareholder Portal
For bearer Shareholders, click on the link below

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I can enjoy a dual advantage on my Share Savings Plan for my Air Liquide shares.

First, I benefit from a tax shield. By keeping my Share Savings Plan for five years, I am exempt from tax on all profits made.

This means I won't have to pay the 12.8% tax on either capital gains or dividends.

Furthermore, I can benefit from Air Liquide's Loyalty Bonus. To do this, I ask my bank to convert my Air Liquide shares into intermediary registered shares and hold them for two full calendar years. I will then benefit from a 10% increase on dividends received and also 10% on Free Shares distributed.

I therefore benefit from both the tax shield and the Loyalty Bonus for my Air Liquide shares in my Share Savings Plan.

For more information, visit the Investors section of airliquide.com.

Act now! #11: how can I benefit from a double advantage for my shares held in a Share Savings Plan?