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 2023

Based on the robust results of 2022, the Board of Directors of Bekaert has proposed to the Annual General Meeting of Shareholders in May of 2022 a 10% gross dividend increase to € 1.65 per share, following last year's gross dividend increase from € 1 to € 1.5 per share.

Payment has been 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: 11 May 2023
Record date: 12 May 2023
Payment date: 15 May 2023

Historic information

Per share

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

* Subject to the applicable tax legislation.

Valuation

in %	2022	2021	2020	2019	2018	2017	2016	2015	2014
Dividend yield	4.6	3.8	3.7	1.3	3.3	3.0	2.9	3.2	3.2
Dividend yield (average)	4.9	4.13	5.02	1.5	2.5	2.6	3.0	3.4	3.1
Dividend pay-out ratio	34.5	21.2	42.0	47.9	99.5	33.8	59.0	49.5	54.4
Dividend growth	10.0	50.0	185.7	-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)

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