Crédit Agricole S.A. dividend
MyStockButler's October 2026 analysis: Crédit Agricole S.A. paid €1.13 per share in 2025, after €1.05 in 2022. Crédit Agricole S.A.'s dividend is supported by capital generation, but its sustainability depends on losses, growth, acquisitions and distributions competing for headroom.
How much does Crédit Agricole S.A. pay in dividends?
Dividends rise from €1.15 per share in the base case to €1.25 by October 2029. The bear case pauses at €1.00 before recovering to €1.05. The bull case reaches €1.50. The base path follows the gradual increase from €1.05 in 2022 to €1.13 in 2025 and management’s 50% cash-distribution policy. Credit losses and the 11.2% CET1 ratio support the cautious bear path.
Does Crédit Agricole S.A.'s dividend fit its cash generation?
Retained profit can increase CET1, while new lending increases risk-weighted assets. Acquisitions, losses, coupons and dividends use the available headroom. The dividend rose for 2025, but its sustainability depends on capital generated after these competing demands.
| 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|
| = Earnings for common shareholders | 6,598 | 6,358 | 5,893 | 4,773 | |
| − Dividends declared on common shares | 3,419 | 3,327 | 3,181 | 3,175 | 3,176 |
| − Share buybacks | 374.414014 | 271 | 260 | 160.297995 | 1,058.6 |
| = Kept to grow and build capital | 2,805 | 2,760 | 2,452 | 1,438 |
What this means. The bank’s adjusted profit differs from our ordinary-shareholder profit because it treats discontinued businesses and special items differently.
What could change Crédit Agricole S.A.'s dividend?
Credit evidence in 2027 and 2028 will be decisive. Rising cost of risk, higher consumer-finance losses or further mobility residual-value pressure would move the forecast toward the bear case.
Revenue and funding evidence will also matter. Slower lending, tougher deposit competition or weaker repricing would limit earnings, dividends and buybacks. Better funding costs, loan growth and fee cross-selling would move the view toward the bull case.
What is Crédit Agricole S.A.'s dividend yield today?
The 2025 dividend was €1.13 per share. Dividing that by a share price of €14.99 gives a 7.5% dividend yield. In a simple dividend model, an investor requiring a 10% return could justify that price if the dividend grew by 2.5% a year indefinitely: the starting yield and growth would add to the required return. The model works only if the dividend is earned, approved and sustainable.