32 Dividend distributions
Swisscom paid the following dividends in 2015 and 2016:
|In CHF million, except where indicated||2016||2015|
|Number of registered shares eligible for dividend (in millions of shares)||51.800||51.802|
|Ordinary dividend per share (in CHF)||22.00||22.00|
The dividend payments for the 2014 and 2015 financial years were funded entirely from retained earnings. The Board of Directors proposes to the Annual Shareholders’ Meeting of Swisscom Ltd to be held on 3 April 2017 the payment of an ordinary dividend of CHF 22 per share in respect of the 2016 financial year. This equates to a total dividend distribution of CHF 1,140 million. The dividend payment is foreseen on 7 April 2017.