Shareholder Remuneration
Latest approved shareholder remuneration
On 20 February 2020, the Board of Directors approved to propose to the Annual General Shareholder meeting of 15 April 2020 to return over the result of 2019 a gross dividend of EUR 1.50 per share, of which EUR 0.50 interim dividend per share was paid in December 2019. After approval by the Annual Shareholder Meeting, the normal dividend of EUR 1.00 per share will be paid on 24 April 2020, with record date on 23 April 2020 and ex-dividend date on 22 April 2020.
This brings the total declared dividend over the result of 2019 to EUR 486 million.
Shareholder Remuneration Policy
Proximus’ Shareholder Remuneration Policy as approved by the Board of Directors on 25 February 2010:
Proximus commits to an attractive Shareholder Remuneration Policy by returning, in principle, most of its annual Free Cash Flow to its shareholders.
The return of Free Cash Flow either through dividends or share buybacks, will be reviewed on an annual basis, 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 | 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 |