Dividend policy

It is Vastned Retail Belgium's dividend policy to annually pay out 100% of the EPRA earnings.

  2018 2017 2016 2015 2014 2013
Number of shares entitled to dividend 5.078.525 5.078.525 5.078.525 5.078.525 5.078.525 5.078.525
Gross dividend (in €) 2,85 2,62 2,45 2,51 2,72 2,65
Net dividend (in €) 1,9945 1,834 1,7178 1,8323 2,04 1,9875

 

The withholding tax on dividends of public regulated real estate companies was increased from 27% to 30% (subject to certain exemptions) with effect from 1 January 2017, pursuant to the Program law of 25 December 2016, published in the Belgian Official Gazette of 29 December 2016.

For 2018, the gross dividend amounts to € 2,85, subject to approval by the general shareholders' meeting of 24 April 2019. This represents a net dividend of € 1,9945 after deduction of 30% withholding tax on dividends.

Dates payment dividend 2018:

  • Ex-date dividend 2018 - Tuesday 7 May 2019
  • Record date dividend 2018 - Wednesday 8 May 2019
  • Dividend payment 2018 - as from Thursday 9 May 2019

The dividend will be payable upon presentation of the certificate 19 at the counter of Bank Degroof-Petercam.

Memo relating to the possibility for Foreign pension funds to reclaim withholding tax on dividends distributed by the SIRs following annulment decision of the Belgian Constitutional Court.