Shareholders

Increasing distribution to the shareholders, for 24 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 2023, the distribution to shareholders was increased for the 24nd time in a row, to € 1.12 per share.

Distribution to shareholders 2023 2022 2021 2020 2019 2018 2017
Total gross dividend € 1,01 € 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°

€ 1,01
June 2024 °5

€ 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 € 0,11 € 0,10 € 0,07
Total gross distribution € 1,12 € 1,10 € 1,06 € 0,99 € 0,97 € 0,95
 € 0,95
Stock price (end of year) € 15,50 € 21,80 € 24,40 € 23,10 € 22,80 € 18,28 € 17,74
Gross distribution yield
7,2% 5,0% 4,4% 4,3% 4,3% 5,2% 5,1%

 

Financial year 2023

On 7th May 2024, during the General Meeting, a distribution to shareholders of € 1.12 per share (compared to € 1.10 for financial year 2022) has been approved for financial year 2023, an increase for the 24rd consecutive year. 

The distribution to shareholders will consists of the combination of:

- a gross dividend of € 1.01 per share (an increase of € 0.01 compared to € 1.00 for financial year 2022);

- a reduction in shareholders’ equity of € 0.11 per share (an increase of € 0.01 compared to € 0.10 for financial year 2022). This distribution will consist in part of a capital reduction and in part of a distribution of reserves (In accordance with article 18, paragraph 7 of the Income Tax Code).

 

Distribution to shareholders:
Dividend
€ 1,01 gross Calendar

Dividend financial year 2023 (coupon n°5)
– Ex date

 

Monday 13 May 2024

Dividend financial year 2023 (coupon n°5) 
– Record date

 

Tuesday 14 May 2024

Dividend financial year 2023 (coupon n°5)
– Payment date

 

Friday 14 June 2024

 

Distribution to shareholders:
Reduction of shareholders' equity

€ 0.11 gross

Calendar

Capital reduction (coupon n°6) – Ex date

 

Monday 13 May 2024

Capital reduction (coupon n°6) – Record date

 

Tuesday 14 May 2024

Capital reduction (coupon n°6) – Payment date

€ 0.10 gross

on or around Thursday 25 July 2024

 

Distribution from the reserves (coupon n°7) – 
Ex date

 

Monday 13 May 2024

Distribution from the reserves (coupon n°7) – 
Record date

 

Tuesday 14 May 2024

Distribution from the reserves (coupon n°7) – Payment date

€ 0.01 gross

on or around Thursday 25 July 2024

 

 

 

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.