bpost announces the payment of an interim dividend of 1.06 euro gross per shareMonday 4 December 2017
The net result after tax of bpost N.V./S.A. for the 10 month period ended on 31 October 2017 amounted to EUR 248.9m. bpost will pay an interim dividend of EUR 212.0m or EUR 1.06 gross per share on 11 December 2017.
The dividend policy of bpost is to pay minimum 85% of the net profit after tax of bpost N.V./S.A. in two instalments, an interim dividend paid in December based on the results of the first 10 months of the year and a final payment after the Annual General Meeting of Shareholders based on the results of the last two months of the year.
On 8 November 2017 the Board of Directors confirmed its intention to achieve the same level of dividend payment as last year. Consequently, the Board of Directors today approved the payment of an interim dividend of EUR 212.0m or EUR 1.06 gross per share based on the net profit after tax of bpost N.V./S.A. for the 10-months period January to October 2017.
The paying agent appointed by bpost to process the interim dividend payment is Euroclear Belgium.
The calendar applicable to the interim dividend payment is as follows:
• Ex-dividend date : 7 December 2017
• Record date : 8 December 2017
• Payment date : 11 December 2017
On 4 December 2017 the Board of Directors also confirmed its intention to maintain the total dividend relative to the financial year 2017 at the same level as 2016. The results of the year 2017 and the proposed final dividend will be communicated on 13 March 2018 after trading hours. The decision on the amount of the final dividend will be submitted for approval to the Shareholders' meeting on 9 May 2018.
The calendar applicable to the final dividend payment is as follows:
• Ex-dividend date : 15 May 2018
• Record date : 16 May 2018
• Payment date : 17 May 2018
Koen Van Gerven, CEO declared: "This year, we were faced with the major challenge to neutralize the impact of the refused stamp price increase on our operating results. We managed to fully compensate this headwind through very strong parcel growth, the contribution of our acquisitions and continued stringent cost control. As a result, we have reached the same level of BGAAP net income over the first ten months of this year as last year, which leads to the same interim dividend as in 2016. I would like to thank all the bpost employees for their hard work which contributed to this result."
For more information :
Baudouin de Hepcée T. +32 2 276 22 28
Saskia Dheedene T. +32 2 276 76 43