Dividends

The Company proposes to increase its base dividend  from US dollar 1.50/share to US dollar 1.80/share , subject to shareholders approval at the next Annual General Meeting to be held on 9 May 2018, 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 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 to be paid on 29 March 2018 shall be an interim dividend.

Dividends are announced in US dollar. 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 Payment

3rd Quarterly Payment

4th Quarterly Payment

Announcement date

05 March 2018

14 May 2018

13 August 2018

12 November 2018

Ex-Dividend

08 March 2018

17 May 2018

16 August 2018

15 November 2018

Record Date

09 March 2018

18 May 2018

17 August 2018

16 November 2018

Payment Date

29 March 2018

13 June 2018

14 September 2018

11 December 2018

FX Exchange rate

06 March 2018

Exchange rate ECB: 1€ = 1.2411$.
 
Gross dividend/share  € 0.36258160
 
Net dividend/share  € 0.30819436

15 May 2018

Exchange rate ECB: 1€ = 1.1883$.
 
Gross dividend/share  € 0.37869220
 
Net dividend/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.