Dividends

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

 1st Quarterly
Payment (interim)
2nd Quarterly Payment3rd Quarterly Payment4th Quarterly Payment
Announcement Date26 February 201913 May 201913 August 201912 November 2019
Ex-Dividend01 March 201916 May 201916 August 201915 November 2019
Record Date04 March 201917 May 201919 August 201918 November 2019
Payment Date26 March 201913 June 201913 September 201911 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.