Dividend policy

It is the policy of the Board of Directors to propose a profit appropriation to the General Meeting of Shareholders which, insofar as the profit permits, provides a stable or growing dividend while maintaining an adequate level of cash flow in the company for investment and self-financing in order to support growth. In practice, this means that the company seeks to maintain a pay-out ratio of around 40% of the result for the period attributable to the Group over the longer term.

Our dividend in 2022

Based on the superior results of 2021, the Board of Directors of Bekaert has proposed to the Annual General Meeting of Shareholders in May of 2022 a 50% gross dividend increase to € 1.50 per share. The General Meeting has approved this proposal.

Payment will be made at the offices of the following financial institutions:

BNP Paribas Fortis (Principal Paying Agent), ING Belgium, Bank Degroof Petercam, KBC Bank, Belfius Bank in Belgium;
Société Générale in France;
ABN AMRO Bank in The Netherlands;
UBS in Switzerland.

Dates

Ex date: 12 May 2022
Record date: 13 May 2022
Payment date: 16 May 2022

Historic information

Per share

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

* Subject to the applicable tax legislation.

Valuation

in %	2021	2020	2019	2018	2017	2016	2015	2014
Dividend yield	3.83	3.68	1.3	3.3	3.0	2.9	3.2	3.2
Dividend yield (average)	4.13	5.02	1.5	2.5	2.6	3.0	3.4	3.1
Dividend pay-out ratio	21.8	42.0	47.9	99.5	33.8	59.0	49.5	54.4
Dividend growth	50.0	285.7	-50.0	-36.4	0.0	22.2	5.9	-

Additional information

For previous years see: presentations and downloads
Consult the total shareholder return (TSR)

In this section: