Latest approved shareholder remuneration
On 21 February 2019, the Elia Board of Directors decided to propose a nominal dividend of €101.3 million, or €1.66 per share (gross) to the general meeting of shareholders of 21 May 2019, in accordance with the dividend policy and subject to approval of the profit appropriation by the annual general meeting of shareholders.
This represents an increase in dividend for the fourth consecutive year and an increase of 2.5% compared to 2017.
On 21 May 2019 the annual general meeting of shareholders approved the 2018 results, result affectation and hence €1.66 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 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.
Historical overview of Dividends
Payment is made via Belgian branches of Belfius Bank, BNP Paribas Fortis Bank, KBC Bank and ING.
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