Shareholder Remuneration

Shareholder remuneration

In line with Proximus' announced three-year dividend policy over the period 2020-2022, the Board of Directors approved the decision to propose to the Annual General Shareholders' Meeting of 19 April 2023 to return, based on the result of 2022 a gross dividend of EUR 1.20 per share, of which EUR  0.50 interim dividend per share was paid in December 2022.

After approval by the Annual Shareholders' Meeting, the normal dividend of EUR 0.70 per share will be paid on 28 April 2023.

This brings the total declared dividend over the 2022 result to € 387 million.

Coupon 36:
Gross dividend: EUR 0.70/share
Net dividend (30% withholding tax assumed): EUR 0.49/share

  • Ex-coupon date: 26 April 2023
  • Record date: 27 April 2023
  • Payment date: 28 April 2023

Dividend policy

The Annual Shareholders' Meeting of April 2023 approved the return to the Proximus shareholders of gross EUR 1.20 per share. The normal dividend of EUR 0.70 per share is payable on 28 April 2023.

This brings the total paid dividend over the result of 2022 to EUR 387 million.

In line with the bold2025 strategy and deriving shareholder return policy, Proximus intends to return over the result of 2023 a stable gross dividend of EUR 1.20 per share, provided a financial performance delivery in line with its strategic plan.

Over the result of 2024 and 2025, Proximus will rebase its dividend level to EUR 0.60 per share. The rebased sustainable dividend level incorporates all currently known macro and inflationary headwinds, as well as expected changes in market structure. The proposed dividend is reviewed and submitted to the Board of Directors 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.

Historical overview of dividends

Accounting year Coupon n° General Assembly Payment date Gross dividend in EUR
2022 36 Wed 19/04/2023 Fri 28/04/2023 0.70
2022 35 - Fri 09/12/2022 0.50
2021 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