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.

The main principle underlying the Boskalis dividend policy is to distribute 40% to 50% of net profit from ordinary operations as dividend, while pursuing a stable long-term development of dividend. The choice of dividend form (in cash and/or fully or partly in shares) takes into account the company’s desired balance sheet structure as well as the interests and wishes of the shareholders.

Given this policy and the solid balance sheet position, the proposal was to pay a cash dividend of EUR 0.50 per share, equal to 43% of the net profit and stable compared to 2021. This proposal was approved by the Annual General Meeting of Shareholders on 12 May 2022. The dividend will be payable from 24 May 2022.

Dividend history

  2021 2020 2019 2018 2017 2016 2015

Shares issued per YE (mln)

130.3 130.3 135.4 135.4 133.4 130.1 125.6

Net profit (mln euros)

151 90.4* 74.9 82.8* 150.5 276.4* 440.2
Earnings per share  1.16 0.69* 0.56 0.63* 1.15 2.16* 3.54

Dividend per share

0.50 0.50 - 0.5 1.00 1.00 1.60

Pay-out ratio

43% 72% Not applicable 79% 87% 46% 45%

Form

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

* Adjusted for exceptional charges

Financial calendar

  • Publication of 2022 half-year results

  • Trading update third quarter 2022

  • Publication of 2022 annual results

  • Trading update first quarter of 2023

  • General Meeting of Shareholders

  • Publication of 2023 half-year results

  • Trading update third quarter of 2023

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