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.
|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
Exhange rate ECB:
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$.
Gross dividend/share 0.39452920€
Net dividend/share 0.33534982€
13 November 2018
Exchange rate ECB: 1€ = 1.1261$
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.