The main principle underlying the Boskalis dividend policy is to distribute 40% to 50% of the net profit from ordinary operations as dividend. In doing so, Boskalis aims to achieve a stable long-term development of the dividend to its shareholders. The choice of dividend form (cash or shares or a combination of the two) takes into account the company’s desired balance sheet structure and the interests and wishes of the shareholders.

In 2020 no dividend was distributed to shareholders. An amount EUR 67 million was distributed as cash dividend in 2019.

The proposal to the Annual General Meeting will be to distribute a dividend from the retained earnings, amounting to EUR 65.0 million for a dividend payment to the shareholders of EUR 0.50 per ordinary share. The proposed dividend will be made payable in cash.

Dividend history

  2020 2019 2018 2017 2016 2015

Shares issued per YE (mln)

130.3 135.4 135.4 133.4 130.1 125.6

Net profit (mln euros)

90.4* 74.9 82.8* 150.5 276.4* 440.2
Earnings per share  0.69* 0.56 0.63* 1.15 2.16* 3.54

Dividend per share

0.50 - 0.5 1.00 1.00 1.60

Pay-out ratio

72% Not applicable 79% 87% 46% 45%

Policy

40 - 50 % 40 - 50 % 40 - 50 % 40 - 50% 40 - 50%  40 - 50%

Form

Cash Not applicable Cash Stock/cash Stock/cash Stock/cash
Stock dividend:cash Not applicable Not applicable Not applicable 72:28 77:23 72:28

* Adjusted for exceptional charges

Financial calendar

  • Trading update Q1 2021 (early afternoon CET)

  • General Meeting of Shareholders

  • Ex-dividend date

  • Record date for dividend entitlement (after market close)

  • Date of dividend payment

  • Publication of 2021 half-year results (7.00 AM CET)

  • Trading update Q3 2021 (7.30 AM CET)

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