Dividend information

Latest shareholder remuneration proposition

On 21 May 2019 the annual general meeting of shareholders approved the 2018 results, result affectation and hence €1.66 gross dividend per share

The dividend for the 2018 financial year will respect the following schedule:

  • Dividend ex-date - 29 May 2019
  • Record date - 30 May 2019
  • Payment date - 31 May 2019

The dividend for the 2018 financial year was issued on 1 June 2019 upon presentation of coupon 15.

Payment is made via Belgian branches of Belfius Bank, BNP Paribas Fortis Bank, KBC Bank and ING.

Overview of Elia System Operator dividends

 2018  2017 2016   2015  2014

 2013

2012

Gross dividend

             

All shares

1.66  1.62  1.58   1.55  1.54  1.54

1.47

Net dividend

             

All shares

1.16  1.13  1.11   1.13  1.16  1.16

1.10

Number of shares entitled to dividends

61,024,834  60,901,019  60,891,158   60,750,239  60,738,264  60,568,229

60,555,809

Shareholder remuneration Policy

On March 21, 2019 the Board of Directors formally approved the policy it intends to apply when proposing dividends to the General Shareholder’s Meeting. Under this policy, the full-year dividend growth is intended not to be lower than the increase of the Consumer Price Index (“inflation”) in Belgium. The approved dividend policy confirms the Company’s existing dividend practice. It supports the Company’s long-term ambition to offer a secure dividend in real terms to the shareholders while at the same time enabling the Company to sustain a strong balance sheet that is needed to fund the Company’s investment program.

The Board of Directors specifies that future dividends will remain dependent upon the results of the Company (which are affected by a number of factors, including the evolution of the long term interest rates in Belgium and factors outside the Company’s control) as well as the Company’s financial situation, financing needs (in particular, capital expenditures and investment plan) and business perspectives.