The Company proposes to increase its base dividend by about 15% from EUR 1.53/share to EUR 1.75/share , subject to shareholders approval at the next Annual General Meeting to be held on 7 May 2019, as the company continues to improve its sustainable profitability benefiting from its strategic actions.
The dividend payments would occur in four equal quarterly installments of EUR 0.4375 (gross) per share in 2019 as described below in the detailed dividend schedule
Dividends are announced in Euros. Dividends are paid in Euros for shares listed on the European Stock Exchanges (Amsterdam, Brussels, Paris, Luxembourg). 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 and converted from Euros to US dollars 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 2019
|2nd Quarterly Payment||3rd Quarterly Payment||4th Quarterly Payment|
|Announcement Date||26 February 2019||13 May 2019||13 August 2019||12 November 2019|
|Ex-Dividend||01 March 2019||16 May 2019||16 August 2019||15 November 2019|
|Record Date||04 March 2019||17 May 2019||19 August 2019||18 November 2019|
|Payment Date||26 March 2019||13 June 2019||13 September 2019||11 December 2019|
|FX Exchange Rate|
27 February 2019
Exchange rate ECB: 1 EUR = 1.1386 USD
Gross dividend/share USD 0.49813750
Net dividend/share USD 0.42341688
14 May 2019
14 August 2019
13 November 2019
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.