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Dividend policy

The Board of Directors has a Dividend Policy which, subject to profit generation, targets a growing dividend while maintaining a prudent balance sheet and an adequate level of cash flow in the company for investment to support growth. Over the long term, the company is aiming for a pay-out ratio of around 40% of the result for the period attributable to equity holders of Bekaert.

Our dividend in 2024

Based on the robust results of 2023, the Board of Directors of Bekaert has proposed to the Annual General Meeting of Shareholders in May of 2024 a 9% gross dividend increase to € 1.80 per share, following last year's gross dividend increase of 10%. The dividend will be paid on the 14th of May 2024. 

 

Dates

  • Ex date: 10 May 2024
  • Record date: 13 May 2024
  • Payment date: 14 May 2024

Historic information

Per share

in € 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014
Gross dividend 1.800 1.650 1.500  1.000 0.350 0.700 1.100 1.100 0.900 0.850
Net dividend* 1.260 1.155 1.050  0.700 0.245 0.490 0.770 0.770 0.657 0.638
Coupon number 15 14 13  12 11 10 9 8 7 6

* Subject to the applicable tax legislation.

Valuation

in % 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014
Dividend yield 3.9 4.5 3.8  3.7 1.3 3.3 3.0 2.9 3.2 3.2
Dividend yield (average) 4.3 4.9 4.13  5.02 1.5 2.5 2.6 3.0 3.4 3.1
Dividend pay-out ratio 37.9 34.5 21.2  42.0 47.9 99.5 33.8 59.0 49.5 54.4
Dividend growth 9.1 10.0 50.0  185.7 -50.0 -36.4 0.0 22.2 5.9 -

Additional information