The Company increased its base dividend from US Dollar 1.50/share to US Dollar 1.80/share at the 2018 Annual General Meeting of shareholders, as the company continued to improve its sustainable profitability benefiting from its strategic actions.

The dividend payments occur in four equal quarterly installments of US Dollar 0.45 (gross) per share in 2018: on 29 March 2018, 13 June 2018, 14 September 2018 and 11 December 2018, taking into account that the first quarterly dividend payment paid on 29 March 2018 is  an interim dividend.

Dividends are announced in US Dollars. Dividends are paid in US Dollars for shares traded in the United States on the over-the-counter market in the form of New York registry shares. Dividends are paid in EUR for shares listed on the European Stock Exchanges (Amsterdam, Brussels, Paris, Luxembourg) and converted from US Dollars to EUR based on the European Central Bank exchange rate at the date mentioned in the table below. A Luxembourg withholding tax of 15% is applied on the gross dividend amounts.

Table: Detailed dividend schedule 2018.

 1st Quarterly
Payment (interim)
2nd Quarterly Payment3rd Quarterly Payment4th Quarterly Payment
Announcement Date05 March 201814 May 201813 August 201812 November 2018
Ex-Dividend08 March 201817 May 201816 August 201815 November 2018
Record Date09 March 201818 May 201817 August 201816 November 2018
Payment Date29 March 201813 June 201814 September 201811 December 2018
FX Exchange Rate

06 March 2018

Exhange rate ECB:
(1€ = 1.2411USD ; gross dividend per share 0.36258160€; net dividend per share 0.30819436€)

15 May 2018

Echange rate ECB: 1€=1.1883$

Gross dividend per share 0.37869220€

Net dividend per share 0.32188837€

14 August 2018

Exchange rate ECB: 1€ = 1.1406$.

Gross dividend/share  0.39452920€

Net dividend/share  0.33534982€

13 November 2018

Exchange rate ECB: 1€ = 1.1261$
Gross dividend/share € 0.39960920
Net dividend/share € 0.33966782

In order to benefit from exemption of Luxembourg dividend withholding tax at source, an “Informative Memorandum” describing the procedure to obtain an exemption at source of the Luxembourg dividend withholding tax is available here.