At their Annual General Meeting held on 9 May 2018 shareholders approved the dividend of $0.10/share. The shareholders of record at the close of business on May 18, 2018, will be entitled to payment of the dividend on June 13, 2018.
Dividends are announced in US dollars. Dividends are paid in US dollars for shares traded in the United States in the form of New York registry shares. Dividends are paid in EUR for shares listed on the European Stock Exchanges (Amsterdam, Paris, Luxembourg, Madrid, Bilbao, Valencia, Barcelona) and converted from US dollars to EUR based on the European Central Bank exchange rate at the date mentioned in the table below (FX Exchange rate). A Luxembourg withholding tax of 15% is applied on the gross dividend amounts.
Once the Company achieves net debt at or below its $6 billion target, the Company will then be committed to returning a portion of annual free cash flow (FCF) to shareholders.
| Detailed dividend schedule 2018 |
|
| Announcement date |
14 May 2018 |
| Ex-Dividend |
17 May 2018 |
| Record Date |
18 May 2018 |
| Payment Date |
13 June 2018 |
| FX Exchange rate* |
15 May 2018 |
*Exchange rate ECB: 1€ = 1.1883$. Gross dividend/share € 0.08415380. Net dividend/share € 0.07153073
In order to benefit from exemption of Luxembourg dividend withholding tax at source, an “Informative Memorandum” describing the procedure to obtain an exemption at source of the Luxembourg dividend withholding tax is available here.
The Confirmation Letter to apply for withholding tax exemption can be downloaded here.