Shareholder Remuneration

Latest approved shareholder remuneration

On 17 February 2022, the Board of Directors approved to propose to the Annual General Shareholders’ Meeting of 20 April 2022 to return over the result of 2021 a gross dividend of EUR 1.20 per share, of which EUR 0.50 interim dividend per share was paid in December 2021.

After approval by the Annual Shareholders’ Meeting, the normal dividend of EUR 0.70 per share will be paid on 29 April 2022, with record date on 28 April 2022 and ex-dividend date on 27 April 2022.

This brings the total declared dividend over the result of 2021 to EUR 387 million.

Coupon 33:
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

Dividend policy

End-March 2020, Proximus announced its #Inspire2022 strategy in its Capital Markets Day. This included a substantial increase in network investments driven by the replacement of its historical copper network with future proof fiber. Proximus is funding the deployment of its Fiber network through an optimized capital structure, completed by selective asset sales. Notwithstanding its elevated investment needs, Proximus remains committed to an attractive remuneration for its shareholders and intends to return over the result of 2021 an annual gross dividend of € 1.2 per share.

The 2021 dividend return is in line with Proximus’ announced dividend policy over the period 2020-2022. On an annual basis, the proposed dividend is 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
2022 34 Wed 20/04/2022 Fri 29/04/2022 0.70
2021 33 - Fri 10/12/2021 0.50
2020 32 Wed 21/04/2021 Fri 30/04/2021 0.70
2020 31 - Fri 11/12/2020

0.50
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

The financial service institution where shareholders can exercise their financial rights is Euroclear Belgium, Boulevard du Roi Albert II-1, 1210 Brussels.

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