The Board proposed a 2% increase in the dividend payment for 2017 to CHF 2.80 per Novartis share (2016:CHF 2.75), and this was approved at the Annual General Meeting on March 02, 2018.
This represents the 21st consecutive increase in the dividend paid per share since the creation of Novartis AG in December 1996.
Dividends to be paid out will total approximately USD 6.7 billion (2016: USD 6.5 billion). This will result in an expected payout ratio of 87% of net income attributable to shareholders of Novartis AG (2016: 97%). Based on the 2017 year-end share price of CHF 82.40, the dividend yield will be 3.4% (2016: 3.7%).
The dividend payment date has been set for March 08, 2018.
From March 06, 2018 the shares have been trading ex-dividend.