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  "documentTitle": "2023 Global Report",
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      "text": "In the financial year 2022, Amadeus returned to profit, and as such resumed its ordinary dividend payment in 2023, as well as launched additional share repurchase programs.",
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      "text": "Dividend per share: 1.24",
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      "text": "At the General Shareholders' Meeting held on June 21, 2023, our shareholders approved an annual gross dividend from the 2022 profit of €0.74 per share (gross), representing a pay-out of 50% of the 2022 profit. The dividend was paid in full on July 13, 2023, for a total amount of €332.5 million.",
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      "text": "Driven by Amadeus' business and financial expansion, ordinary dividends paid have grown consistently every year since Amadeus' initial Public Offering (IPO) in 2010, at an average annual rate of 18% from 2011 to 2019. Amadeus complemented this with share repurchase programs in 2015 and 2018.",
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      "text": "In June 2024 the Board will submit to the General Shareholders' Meeting for approval a final gross dividend of €1.24 per share, representing 50% of the reported profit. Based on this, the proposed appropriation of the 2023 results included in our 2023 audited consolidated financial statements includes a total amount of €558.6 million corresponding to dividends pertaining to the financial year 2023.",
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      "text": "In 2020 and 2021, for the first time since its IPO and as a consequence of the COVID-19 pandemic, Amadeus reported losses, impacting our shareholder remuneration. In 2020 the ordinary dividend paid declined with respect to 2019, as Amadeus canceled the payment of the complementary dividend as part of the measures taken in response to the pandemic. In 2021 and 2022 the Board of Directors agreed to not distribute dividends pertaining to the losses reported in financial years 2020 and 2021.",
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      "text": "Amadeus operates a solid and resilient business model that generates strong free cash flow, allowing for continued and sustained investment in R&D and innovation as well as shareholder remuneration, while maintaining a flexible financial capital structure.",
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      "text": "On December 15, 2023, Amadeus announced that the Board of Directors proposed a 50% pay-out ratio of the 2023 profit for the 2023 dividend. Also, the Board approved the distribution of an interim gross dividend from the 2023 profit of €0.44 per share, which was paid on January 18, 2024, for a total amount of €193.4 million.",
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