Dividend policy

Policy on profit appropriation

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.

Profit appropriation

Based on the strong financial performance of 2020 and the confidence in the set direction, the Board of Directors of Bekaert has decided to propose to the Annual General Meeting of Shareholders of 12 May 2021 to pay a dividend of € 1.00, up 65 eurocent from last year.

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: 14 May 2021
• Record date: 17 May 2021
• Payment date: 18 May 2021

Per share*

*  The dividend is subject to approval by the General Meeting of Shareholders 2021.
** Subject to the applicable tax legislatuion.

Valuation

Additional information

• For previous years see: Presentations and downloads
• For total shareholder return see IR tools