Shareholder remuneration
Latest approved shareholder remuneration
On 16 May 2023 the annual general meeting of shareholders approved the 2022 results, result affectation and hence €1.91 gross dividend per share.
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 dividends received from its subsidiaries) as well as the Company’s financial situation, financing needs and business perspectives.
Historical overview of dividends
Payment is made via Belgian branches of Belfius Bank, BNP Paribas Fortis Bank, KBC Bank and ING.
| Accounting year |
Coupon |
General assembly |
Payment date |
Gross dividend in EUR |
| 2022 |
Coupon 20 |
16/05/2023 |
01/06/2023 |
1.91 |
| 2021 |
Coupon 19 |
17/05/2022 |
01/06/2022 |
1.75 |
| 2020 |
Coupon 18 |
18/05/2021 |
01/06/2021 |
1.71 |
| 2019 |
Coupon 17 |
19/05/2020 |
01/06/2020 |
1.69 |
| 2018 |
Coupon 15 |
21/05/2018 |
31/05/2019 |
1.66 |
| 2017 |
Coupon 14 |
15/05/2018 |
01/06/2018 |
1.62 |
| 2016 |
Coupon 13 |
16/05/2017 |
01/06/2017 |
1.58 |
| 2015 |
Coupon 12 |
17/05/2016 |
01/06/2016 |
1.55 |
| 2014 |
Coupon 11 |
19/05/2015 |
03/06/2015 |
1.54 |
| 2013 |
Coupon 10 |
20/05/2014 |
04/06/2014 |
1.54 |
| 2012 |
Coupon 9 |
21/05/2013 |
05/06/2013 |
1.47 |
| 2011 |
Coupon 8 |
15/05/2012 |
25/05/2011 |
1.47 |
| 2010 |
Coupon 7 |
10/05/2011 |
25/05/2011 |
1.40 |
| 2009 |
Coupon 6 |
11/05/2010 |
28/06/2010 |
0.2 |
| 2009 |
Coupon 5 |
11/05/2010 |
26/05/2010 |
1.38 |
| 2008 |
Coupon 4 |
12/05/2009 |
27/05/2009 |
1.37 |
| 2007 |
Coupon 3 |
13/05/2008 |
28/05/2008 |
1.30 |
| 2006 |
Coupon 2 |
08/05/2007 |
23/05/2007 |
1.28 |
| 2005 |
Coupon 1 |
09/05/2006 |
24/05/2006 |
1.27 |
