In connection with the COVID-19 crisis, TUI agreed on three stabilisation packages with the federal German government. Conditions attached to the support include a de facto dividend holiday, which will remain in force over the term of the loans and the duration of the investment made by the Economic Stabilisation Fund. TUI used the proceeds from the rights issue in financial year 2023 to repay the remaining financial aid from the Economic Stabilisation Fund including interest and to reduce the (undrawn) credit line from KfW to
€ 1.05 bn, extending it to July 2026.

For the financial year 2019 the Supervisory Board proposed a dividend of 0.54 per share at the Annual General Meeting 2020, which took place on 11 February 2020. The Shareholders confirmed the dividend. 

In line with the credit terms of the bridge loan, the Supervisory Board did not propose a dividend for the 2020 and 2021 financial years. 

The ex-dividend date is the date after the AGM.

Dividend payments are subject to adequate balance sheet capacity, recommendations by the Executive and Supervisory Board of TUI and approval at the TUI Annual General Meeting of the respective business year.

As a German stock corporation TUI AG is not permitted to pay interim dividends but may only distribute its dividends annually.

The date of the AGM is the last possible day to buy TUI shares with a dividend entitlement.

¹ Analyses and recommendations by financial analysts serve as a decision-making basis for institutional and private investors. In the financial year under review, around 20 analysts regularly published studies on TUI Group. In September 2023, 32 % of analysts recommended to ‘buy’ the TUI share, with 58 % recommending ‘hold’ and 10 % of analysts recommending ‘sell’.