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 |