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Shareholder Remuneration

Latest approved shareholder remuneration

The General Meeting of Shareholders of 15 April 2020 approved the proposal to pay a gross dividend of EUR 1.50 per share, of which EUR 0.50 interim dividend per share was paid in December 2019.

The ordinary dividend of EUR 1.00 per share will be paid on 24 April 2020, with record date 23 April 2020 and ex-dividend date 22 April 2020. 

This brings the total declared dividend over the result of 2019 to EUR 486 million.

Dividend policy

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
2019 30 Wed 15/04/2020 Fri 24/04/2020

1.00

2019 29   Fri 06/12/2019 0.50
2018 28 Wed 17/04/2019 Fri 26/04/2019 1.00
2018 27 - Fri 07/12/2018 0.50
2017 26 Wed 18/04/2018 Fri 27/04/2018 1.00
2017 25 - Fri 08/12/2017 0.50
2016 24 Wed 19/04/2016 Fri 28/04/2017 1.00
2016 23 - Fri 09/12/2016 0.50
2015 22 Wed 20/04/2016 Fri 29/04/2016 1.00
2015 21 - Fri 11/12/2015 0.50
2014 20 Wed 15/04/2015 Fri 24/04/2015 1.00
2014 19 - Fri 12/12/2014 0.50
2013 18 Wed 16/04/2014 Fri 25/04/2014 1.68
2013 17 - Fri 06/12/2013 0.50
2012 16 Wed 17/04/2013 Fri 26/04/2013 1.68
2012 15 - Fri 14/12/2012 0.81
2011 14 Wed 18/04/2012 Fri 27/04/2012 1.68
2011 13 - Fri 09/12/2011 0.50
2010 12 Wed 13/04/2011 Fri 29/04/2011 1.68
2010 11 - Fri 10/12/2010 0.50
2009 10 Wed 14/04/2010 Fri 23/04/2010 1.68
2009 9 - Fri 04/12/2009 0.40
2008 8 Wed 08/04/2009 Fri 17/04/2009 1.68
2008 7 - Tue 16/12/2008 0.50
2007 6 Wed 09/04/2008 Tue 15/04/2008 1.68
2007 5 - Thu 06/12/2007 0.50
2006 4 Wed 11/04/2007 Tue 17/04/2007 1.60
2006 3 - Wed 06/12/2006 0.29
2005 2 Wed 12/04/2006 Tue 18/04/2006 1.52
2004 1 Wed 13/04/2005 Mon 18/04/2005 1.9349

Share Buyback

Historical overview share buyback

Year Million EUR Number of shares Average share price in EUR
2011 100 4,300,975 23.25
2008 200 7,379,925 27.10
2007 230 7,038,765 32.68
2006 200 6,782,656 29.49
2005 300 10,613,234 28.27