24. Retained Earnings

in thousands of EUR	2017	2016

At 1 January	981,384	786,428
Result for the year	227,929	231,360
Dividends paid	- 78,363	- 35,327
Acquisition of non-controlling interest	- 651	-
Share-based payments	- 1,775	- 1,077
At 31 December	1,128,524	981,384

For 2017, it is proposed to the General Meeting to distribute a total dividend of €81,147 or EUR 0.32 per share. If the proposal is approved by the General Meeting, the dividend will be payable as from 4 May 2018.

For 2016, a total dividend of EUR 0.31 per share was paid out in the first half year of 2017 for a total of €78,363. A final dividend for 2015 of EUR 0.14 per share was paid out in the first half year of 2016 for a total of €35,327.