Latest approved shareholder remuneration
On 27 October 2021 the Proximus Board of Directors approved to return to the shareholders a gross interim dividend of EUR 0.50 per share over the result of 2021.
Gross normal dividend: EUR 0.50/share
Net dividend (30% withholding tax assumed): EUR 0.35/share
- Ex-coupon date: 8 December 2021
- Record date: 9 December 2021
- Payment date: 10 December 2021
Proximus anticipates a substantial increase in network investments over the coming years, replacing a significant part of its historical copper network with future proof fiber. The elevated investment level is considered as being of exceptional nature, and will for a large part be funded by means of an optimized capital structure and by selected asset sales. Committing to an attractive Remuneration Policy for its shareholders, while creating a path towards a return to dividend coverage by FCF, Proximus rebases its annual dividend to a sustainable level. Therefore Proximus intends to return over the result of 2020, 2021 and 2022 an annual gross dividend of € 1.2 per share, to be considered as a floor.
On an annual basis, the proposed dividend will be reviewed and submitted to the Board of Directors, in order to keep strategic financial flexibility for future growth, organically or via selective M&A, with a clear focus on value creation. This also includes confirming appropriate levels of distributable reserves.
The shareholder remuneration policy is based on a number of assumptions regarding future business and market evolutions and may be subject to change in case of unforeseen risks or events outside the company's control.
Historical overview of dividends
|Accounting year||Coupon n°||General Assembly||Payment date||Gross dividend in EUR|
|2020||32||Wed 21/04/2021||Fri 30/04/2021||0.70|
|2019||30||Wed 15/04/2020||Fri 24/04/2020||
|2018||28||Wed 17/04/2019||Fri 26/04/2019||1.00|
|2017||26||Wed 18/04/2018||Fri 27/04/2018||1.00|
|2016||24||Wed 19/04/2016||Fri 28/04/2017||1.00|
|2015||22||Wed 20/04/2016||Fri 29/04/2016||1.00|
|2014||20||Wed 15/04/2015||Fri 24/04/2015||1.00|
|2013||18||Wed 16/04/2014||Fri 25/04/2014||1.68|
|2012||16||Wed 17/04/2013||Fri 26/04/2013||1.68|
|2011||14||Wed 18/04/2012||Fri 27/04/2012||1.68|
|2010||12||Wed 13/04/2011||Fri 29/04/2011||1.68|
|2009||10||Wed 14/04/2010||Fri 23/04/2010||1.68|
|2008||8||Wed 08/04/2009||Fri 17/04/2009||1.68|
|2007||6||Wed 09/04/2008||Tue 15/04/2008||1.68|
|2006||4||Wed 11/04/2007||Tue 17/04/2007||1.60|
|2005||2||Wed 12/04/2006||Tue 18/04/2006||1.52|
|2004||1||Wed 13/04/2005||Mon 18/04/2005||1.9349|
The financial service institution where shareholders can exercise their financial rights is Euroclear Belgium, Boulevard du Roi Albert II-1, 1210 Brussels.
Historical overview share buyback
|Year||Million EUR||Number of shares||Average share price in EUR|