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.

Given the robust balance sheet and the healthy cash flow, the proposal was made to the Annual General Meeting of Shareholders to keep the dividend for 2020 stable compared to the dividend distributed in previous years, and therewith to distribute more than the dividend policy. On 12 May 2021 the Annual General of Shareholders approved the proposed dividend of EUR 0.50 per share in cash. The shares will be quoted ex-dividend on 14 May 2021, with the dividend being made payable on 24 May 2021.

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 Q3 2021 (7.30 AM CET)

  • Publication of 2021 annual results

  • Trading update first quarter 2022

  • General Meeting of Shareholders

  • Publication of 2022 half-year results

  • Trading update third quarter 2022

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