Dividend Policy
It is the policy of Delhaize Group when possible to pay out a regularly increasing dividend while retaining free cash flow in an amount consistent with opportunities to finance the future growth of the Company.
Set forth below are the gross and net annual dividends paid by Delhaize Group since 1990:
| Year |
Gross Amount |
Net Amount** |
| 1990* |
EUR 0.48 |
- |
EUR 0.36 |
- |
| 1991* |
EUR 0.58 |
- |
EUR 0.43 |
- |
| 1992 |
EUR 0.66 |
- |
EUR 0.50 |
- |
| 1993 |
EUR 0.67 |
- |
EUR 0.50 |
- |
| 1994 |
EUR 0.77 |
- |
EUR 0.57 |
- |
| 1995 |
EUR 0.83 |
- |
EUR 0.62 |
- |
| 1996 |
EUR 0.89 |
- |
EUR 0.67 |
- |
| 1997 |
EUR 0.99 |
- |
EUR 0.74 |
- |
| 1998 |
EUR 1.12 |
- |
EUR 0.84 |
- |
| 1999 |
EUR 1.24 |
- |
EUR 0.93 |
- |
| 2000 |
EUR 1.36 |
USD 1.1482 |
EUR 1.02 |
USD 0.8611 |
| 2001 |
EUR 1.44 |
USD 1.3255 |
EUR 1.08 |
USD 0.9941 |
| 2002 |
EUR 0.88 |
USD 1.0296 |
EUR 0.66 |
USD 0.7722 |
| 2003 |
EUR 1.00 |
USD 1.2242 |
EUR 0.75 |
USD 0.9181 |
| 2004 |
EUR 1.12 |
USD 1.3689 |
EUR 0.84 |
USD 1.0267 |
| 2005 |
EUR 1.20 |
USD 1.5287 |
EUR 0.90 |
USD 1.1465 |
| 2006 |
EUR 1.32 |
USD 1.7681 |
EUR 0.99 |
USD 1.3261 |
| 2007 |
EUR 1.44 |
USD 2.2316 |
EUR 1.08 |
USD 1.6737 |
| 2008 |
EUR 1.48 |
USD 2.0861 |
EUR 1.11 |
USD 1.5645 |
| 2009 |
EUR 1.60 |
USD 1.94464 |
EUR 1.20 |
USD 1.45848 |
| 2010 |
EUR 1.72 |
USD 2.503804 |
EUR 1.29 |
USD 1.877853 |
| 2011 |
EUR 1.76 |
USD 2.165152 |
EUR 1.32 |
USD 1.623864 |
*:Adjusted for the stock split by 5 on June 4, 1992.
** Net amount = gross amount minus withholding tax. |
At the Ordinary General Meeting held on May 24, 2012, the shareholders approved the payment of a gross dividend of EUR 1.76 per share, compared to EUR 1.72 the previous year. After deduction of 25% Belgian withholding tax, this results in a net dividend of EUR 1.32 per share (EUR 1.29 the prior year).
The net dividend of EUR 1.32 per share is payable to owners of ordinary shares against coupon no. 50. The shares are trading ex-coupon as of May 29, 2012. The payment is made at the registered office of the Company (rue Osseghemstraat 53, 1080 Brussels, Belgium) as well as at the counters of the following financial institutions:
- Banque Degroof, rue de l'Industrie 44, 1040 Brussels
- Belfius, boulevard du Roi Albert II 30-B2, 1000 Brussels
- Fortis Banque, rue Montagne du Parc 3, 1000 Brussels
- ING Belgium, avenue Marnix 24, 1050 Brussels
- KBC, avenue du Port 2, 1080 Brussels
For shares held through a share account, the bank or broker automatically handles the dividend payment. The payment of the dividend to the ADR holders is made through Citibank. (see
ADR Information)