The main principle underlying the Boskalis dividend policy is to distribute 40% to 50% of the net profit from ordinary operations as dividend. In doing so, Boskalis aims to achieve a stable long-term development of the dividend to its shareholders. The choice of dividend form (cash or shares or a combination of the two) takes into account the company’s desired balance sheet structure and the interests and wishes of the shareholders.
The main principle underlying the Boskalis dividend policy is to distribute 40% to 50% of net profit from ordinary operations as dividend, while pursuing a stable long-term development of dividend. The choice of dividend form (in cash and/or fully or partly in shares) takes into account the company’s desired balance sheet structure as well as the interests and wishes of the shareholders.
Given this policy and the solid balance sheet position, the proposal was to pay a cash dividend of EUR 0.50 per share, equal to 43% of the net profit and stable compared to 2021. This proposal was approved by the Annual General Meeting of Shareholders on 12 May 2022. The dividend will be payable from 24 May 2022.
Dividend history
| 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|
Shares issued per YE (mln) |
130.3 | 130.3 | 135.4 | 135.4 | 133.4 | 130.1 | 125.6 |
Net profit (mln euros) |
151 | 90.4* | 74.9 | 82.8* | 150.5 | 276.4* | 440.2 |
| Earnings per share | 1.16 | 0.69* | 0.56 | 0.63* | 1.15 | 2.16* | 3.54 |
Dividend per share |
0.50 | 0.50 | - | 0.5 | 1.00 | 1.00 | 1.60 |
Pay-out ratio |
43% | 72% | Not applicable | 79% | 87% | 46% | 45% |
Form |
Cash | Cash | Not applicable | Cash | Stock/cash | Stock/cash | Stock/cash |
| Stock dividend:cash | Not applicable | Not applicable | Not applicable | Not applicable | 72:28 | 77:23 | 72:28 |
* Adjusted for exceptional charges
