Michelin dividend timetable and sector context, shares in a cyclical industry

By Thomas Klein, Operations & Strategy desk. Reviewed prior to publication on 2026-06-29, 07:11.

Compagnie Generale des Etablissements Michelin SCA (FR0000120321) remains a core European tire supplier with a regular dividend stream. The stock is listed in Paris on Euronext, where it is part of the CAC 40 alongside peers from the wider industrial and auto supplier space.

Dividend timetable and payout profile

Michelin disclosed its latest dividend timetable for the 2024 financial year with a proposed ordinary dividend of 1.40 euros per share, as detailed in its investor relations documentation for the annual shareholders' meeting. The payout decision is typically taken at the AGM, with an ex-dividend date and payment date set shortly thereafter.

The company states in its dividend policy that it aims to offer a regular and growing dividend aligned with long-term earnings and free cash flow generation, subject to business conditions and major investment needs. In recent years, the group raised its dividend gradually as profitability improved and net debt fell, according to past annual reports and presentations on its investor relations site.

Position in the global tire sector

Michelin sits among the top global tire manufacturers alongside Bridgestone in Japan and Goodyear in the United States, all of which serve both original equipment manufacturers and replacement markets. The tire industry is cyclical with exposure to auto production, freight volumes and replacement demand, making sector comparisons relevant for investors.

The French group also competes with Continental in Germany, where the latter is part of the DAX index and has a significant tire business alongside automotive technology. Peer analysis often focuses on operating margins, return on capital and cash conversion, with Michelin historically emphasizing disciplined capital allocation and technology investment in its strategic plans.

What the company sells

Michelin earns most of its revenue by developing, manufacturing and selling tires for passenger cars, trucks, buses, agricultural machinery and aircraft, as well as specialty tires for mining and construction. The group also offers related services such as fleet management solutions and digital tools to optimize tire usage and maintenance for professional customers.

Where the stock trades today

Michelin shares trade on Euronext Paris, reflecting its status as a major French industrial issuer in the CAC 40 index. The current price data and market capitalization, in euros, can be checked on the Euronext Paris or major financial data portals for the latest intraday information.

This article was produced with AI assistance and editorially reviewed. Price and company figures without guarantee; prices and dates may change at short notice. No investment advice, no buy or sell recommendation. Stock-market transactions carry risks up to and including total loss.