Europe Dividend Update: A Dividend Hero in big trouble?

Dividend Drama in Europe with Bunzl Crashing and ASML disappointing

Several notable European companies have recently made dividend announcements, reflecting a range of corporate strategies—from stable growth to final payouts and even cuts. Here's a roundup of the most recent developments.

FDJ United (France), formerly known as Française des Jeux, has declared a dividend of €2.05 per share for 2025. This represents a dividend yield of 6.7% based on a share price of €30. The stock will trade ex-dividend on May 27. The company has consistently increased its dividend at a double-digit annual rate in recent years. FDJ United operates France’s national lottery and also offers sports betting and online gaming.

OCI N.V. (Netherlands) is distributing a special dividend of €4.74 per share in 2025. This follows an earlier payout of €14.50 in 2024, which came after several substantial distributions. OCI is effectively winding down and returning all available cash to shareholders, making this likely its final dividend. At a share price of €6.52, the yield on this payout is an exceptional 73%. The ex-dividend date is April 15, 2025. OCI is a global producer and distributor of nitrogen-based fertilizers and industrial chemicals, including ammonia and methanol, with operations in Europe, the Middle East, and the U.S.

WH Smith (UK) has announced an interim dividend of 11.3 pence, slightly up from 11 pence in 2024. The company has now raised its dividend for two consecutive years following a suspension during the COVID-19 pandemic. WH Smith was previously known for its consistent dividend track record and is showing signs of recovery. The current dividend yield is 3.5% at a share price of 930 pence. WH Smith operates retail outlets focused on books, stationery, and convenience products, with a strong presence in airports, railway stations, and other travel hubs, as well as traditional high street stores.