Latest approved shareholder remuneration
On 21 April 2021 the Proximus AGM approved to return to the Proximus shareholders a gross total dividend of EUR 1.20 per share over the result of 2020.
This includes the interim dividend of EUR 0.50 gross per share paid in December 2020.
The normal dividend of EUR 0.70 per share (coupon 32) was paid on 30 April 2021.
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|
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|