Over 2021, the VINCI share price climbed 14%, standing at €92.91 on 31 December. During the year, it moved between a low of €76.58 at the end of January and a high of €96.24 in mid-June 2021.
Financial markets overall continued the rally begun in the spring of 2020, trending upward in 2021, spurred by the economic recovery and the ongoing accommodative stance of monetary policies. The markets set new records despite several highly volatile trading sessions, mainly tied to concerns about the pandemic and inflation fears.
In this context, the VINCI share delivered the 27th best performance in the CAC 40, which gained 29% over the year. At 31 December 2021, the Group ranked 15th in the CAC 40 with a market capitalisation of €55 billion.
In the past 10 years, the VINCI share price has increased 175%, compared to 126% growth over the same period for the CAC 40. A VINCI shareholder who invested €1,000 on 31 December 2011 and reinvested all dividends received would have had an investment of €3,849 on 31 December 2021, representing an average annual return of more than 14% (versus a 12% average return for the CAC 40).
As a sign of its confidence in VINCI’s continued rebound and taking into consideration the Group’s strong financial position, the Board of Directors decided on 3 February 2022 to propose, at the Shareholders’ General Meeting of 12 April 2022, a total dividend of €2.90 per share in respect of 2021, up 42% from the previous year, during which results were hard hit by the public health crisis, to be paid in cash on 28 April 2022. The dividend represents a yield of 3.1% based on the share price at 31 December 2021.
According to shareholder surveys, at 31 December 2021, 78% of VINCI’s share capital was held by some 900 investment funds, mainly located in North America, the United Kingdom, France, the rest of continental Europe, the Middle East and Asia-Oceania.
Employee savings funds combine the investments of more than 160,000 former and current employees, of which around 33,000 are based outside of France. At 31 December 2021, these funds owned 9.9% of VINCI’s share capital, making employees the Group’s biggest shareholder. In addition, an estimated 190,000 individual shareholders, excluding employee savings funds, held 7.6% of our share capital.
Treasury shares represented 4.2% of our share capital at 31 December 2021. Treasury shares are allocated to covering long-term incentive plans and employee share ownership plans outside France. They may also be used as payment in external growth transactions, or they may be sold or cancelled.
VINCI Shareholders’ General Meeting on 8 April 2021, held online due to the pandemic..