The Company proposes to increase its base dividend from USD 1.25/share to USD 1.50/share, subject to shareholder approval at the next Annual General Meeting to be held on 10 May 2017, 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 USD 0.375 (gross) per share in 2017: on 30 March 2017, 14 June 2017, 12 September 2017 and 12 December 2017, taking into account that the first quarterly dividend payment to be paid on March 30, 2017 shall be an interim dividend.

Dividends are announced in US dollars. They 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 paid in Euros for shares listed on the European Stock Exchanges (Netherlands, France, Luxembourg). Dividends to be paid in Euros are converted from US dollars to Euros 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 2017


1st Quarterly

Payment (interim) 

2nd Quarterly Payment  3rd Quarterly Payment  4th Quarterly Payment
Announcement date 06 March 2017 15 May 2017 11 August 2017 13 November 2017
Ex-Dividend 09 March 2017 18 May 2017 16 August 2017 16 November 2017
Record Date 10 March 2017 19 May 2017 17 August 2017 17 November 2017
Payment Date 30 March 2017 14 June 2017 12 September 2017 12 December 2017
FX Exchange rate

07 March 2017

(1€ = 1.0576USD ; gross dividend per share 0.35457640€; net dividend per share 0.30138994€)

16 May 2017

14 August 2017

14 November 2017


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.