Shareholders
Increasing distribution to the shareholders, for 23 years in a row
The company’s distribution policy provides for an average increase in the distribution to shareholders equal to or higher than long-term inflation.
The Board of Directors relies on:
- the constant, indexed rental flow from existing investment properties;
- the control of the company's operating costs;
- the company's hedging policy, which provides good visibility on interest charges and makes them assessable in the medium term;
- the existing pipeline of project developments;
- the reserves that the company has built up over the years.
For the financial year 2022, the distribution to shareholders was increased for the 23nd time in a row, to € 1.10 per share.
| Distribution to shareholders | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|
| Total gross dividend | € 1,00 | € 0,99 | € 0,99 | € 0,97 | € 0,95 | € 0,90 |
| Interim dividend Pay date Coupon N° |
€ 0,85 Dec 2022 °1 |
€ 0,85 Dec 2021 °31 |
€ 0,85 Dec 2020 °29 |
€ 0,75 Dec 2019 °27 |
€ 0,75 Dec 2018 °25 |
€ 0,75 Dec 2017 °23 |
| Final dividend Pay date Coupon N° |
€ 0,15 May 2023 °2 |
€ 0,14 May 2022 °32 |
€ 0,14 May 2021 °30 |
€ 0,22 May 2020 °28 |
€ 0,20 May 2019 °26 |
€ 0,15 May 2018 °24 |
| Reduction of shareholders' equity | € 0,10 | € 0,07 | - | - | - | - |
| Total gross distribution | € 1,10 | € 1,06 | € 0,99 | € 0,97 | € 0,95 |
€ 0,95 |
| Stock price (end of year) | € 21,80 | € 24,40 | € 23,10 | € 22,80 | € 18,28 | € 17,74 |
| Gross distribution yield |
5,0% | 4,4% | 4,3% | 4,3% | 5,2% | 5,1% |
Financial year 2022
On 2 May 2023, the General Meeting and the Extraordinary General Meeting approved the total distribution to shareholders of €1.10 per share, an increase for the 23nd consecutive year.
The distribution to shareholders will consist of the combination of:
- a gross dividend of €1.00 per share. An interim dividend of €0.85 gross per share was already paid on 9 December 2022. The final dividend will be €0.15 gross per share.
- a reduction of shareholders' equity by €0.10 per share. This distribution will in turn consist of a part reduction of capital and a part distribution of reserves (in accordance with Article 18, paragraph 7 of the WIB/Income Tax Code.)
|
Payment to shareholders: Dividend |
€ 1.00 gross |
Calendar |
|
Interim dividend financial year 2022 (coupon n°1) – Ex date |
|
Wednesday 7 December 2022 |
|
Interim dividend financial year 2022 (coupon n°1) – Record date |
|
Thursday 8 December 2022 |
|
Interim dividend financial year 2022 (coupon n°1) – Payment date |
€ 0.85 gross |
Friday 9 December 2022 |
|
Final dividend financial year 2022 (coupon n°2) – Ex date |
|
Monday 8 May 2023 |
|
Final dividend financial year 2022 (coupon n°2) – Record date |
|
Tuesday 9 May 2023 |
|
Final dividend financial year 2022 (coupon n°2) – Payment date |
€ 0.15 gross |
Wednesday 10 May 2023 |
|
Distribution to shareholders: Reduction of shareholders' equity |
€ 0.10 gross |
Calendar |
|
Capital reduction (coupon n°3) – Ex date |
|
Monday 8 May 2023 |
|
Capital reduction (coupon n°3) – Record date |
|
Tuesday 9 May 2023 |
|
Capital reduction (coupon n°3) – Payment date |
€ 0.08 gross |
Monday 24 July 2023 |
|
Distribution from the reserves (coupon n°4) – Ex date |
|
Monday 8 May 2022 |
|
Distribution from the reserves (coupon n°4) – Record date |
|
Tuesday 9 May 2022 |
|
Distribution from the reserves (coupon n°4) – Payment date |
€ 0.02 gross |
Monday 24 July 2022 |
Withholding tax
Dividends paid by Home Invest Belgium are subject to a Belgian withholding tax of 30%. A partial or total exemption from withholding tax on dividends can be obtained by shareholders who fulfil specific conditions imposed by law. A capital decrease is in principle exempt from Belgian withholding tax.
