Repsol YPF

Dividend policy

Repsol YPF's dividend policy will be guided by the principle of ensuring remuneration for our shareholders, even in low-cycle scenarios.

In the coming years, double-digit increases in dividend per share are expected to continue. This growth will coexist with solid financial discipline.

Year	Payment date	Interim	Payment date	Complementary	Total (€ gross)	Total (€ Net)	Taxes %
2007	15 Jan 08	0.50	09 Jul 08	0.5	1.00	0.82	18.00
2006	11 Jan 07	0.36	05 Jul 07	0.36	0.72	0.59	18.00
2005	12 Jan 06	0.30	05 Jul 06	0.30	0.6	0.51	15.00
2004	11 Jan 05	0.25	05 Jul 05	0.25	0.5	0.43	15.00
2003	15 Jan 04	0.2	01 Jul 04	0.20	0.4	0.34	15.00
2002	22 Jan 03	0.15	15 Jul 03	0.16	0.31	0.26	15.00
2001	11 Jan 02	0.21	02 Mar 02	0	0.21	0.18	15.00
2000	11 Jan 01	0.19	12 Jul 01	0.31	0.5	0.43	15.00
1999	13 Jan 00	0.16	13 Jul 00	0.26	0.42	0.36	15,00
1998	14 Jan 99	0.19	01 Jul 99	0.25	0.44	0.33	25.00
1997	09 Jan 98	0.178	14 Jul 98	0.22	0.40	0.30	25.00
1996	09 Jan 97	0.158	09 Jul 97	0.20	0.36	0.27	25.00
1995	08 Jan 96	0.146	05 Jul 96	0.20	0.34	0.26	25.00