Latest approved shareholder remuneration
Proximus reiterates its intention to return over the result of 2021 and 2022 an annual gross dividend of EUR 1.2 per share, to be considered as a floor.
On 25 February 2021 the Proximus Board of Directors approved to propose to the AGM of 21 April 2021 to return to the Proximus shareholders a gross normal dividend of EUR 0.70 per share. With the interim dividend returned in December 2020 included, this brings the total dividend over the result of 2020 to EUR 1.20 per share.
Gross normal dividend: EUR 0.70/share
Net dividend (30% withholding tax assumed): EUR 0.49/share
- Ex-coupon date: 28 April 2021
- Record date: 29 April 2021
- Payment date: 30 April 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|
Historical overview share buyback
|Year||Million EUR||Number of shares||Average share price in EUR|