Shareholders

Increasing distribution to the shareholders, for 22 years in a row

The company’s distribution policy provides for an annual increase in the distribution to shareholders equal to or higher than 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 2021, the distribution to shareholders was increased for the 22nd time in a row, to €5.31 per share.

Dividend 2021 2020 2019 2018 2017
Interim dividend
Pay date
€ 4,25
Dec 2021
€ 4,25
Dec 2020
€ 3,75
Dec 2019
€ 3,75
Dec 2018
€ 3,75
Dec 2017
Final dividend
Pay date
€ 0,71
May 2022
€ 0,70
May 2021
€ 1,10
May 2020
€ 1,00
May 2019
€ 0,75
May 2018
Total gross dividend € 4,96 € 4,95 € 4,85 € 4,75 € 4,50
Capital reduction
Pay date
€ 0,30
Jul 2022
       
Distribution from the reserves
Pay date
€ 0,05
Jul 2022
       
Total capital reduction € 0,35        
Share price (end of year) € 122,00 € 115,50 € 114,00 € 91,40 € 88,72
Total gross payout € 5,31 € 4,95 € 4,85 € 4,75
 € 4,50
Gross dividend margin 4,4% 4,3% 4,3% 5,2% 5,1%

 

Financial year 2021

On 3 May 2022, the General Meeting and the Extraordinary General Meeting approved the total distribution to shareholders of €5.31 per share, an increase for the 22nd consecutive year.

The distribution to shareholders will consist of the combination of:

  • a gross dividend of €4.96 per share. An interim dividend of €4.25 gross per share was already paid on 10 December 2021. The final dividend will be €0.71 gross per share;
  • a reduction of shareholders' equity by €0.35 per share. This distribution will in turn consist of a part reduction of capital and a part distribution from the reserves (in accordance with Article 18, paragraph 7 of the WIB/Income Tax Code).

The amounts and dates of the distributions to the shareholders are presented on the right.

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.

Dividend Amount Calendar
Interim dividend financial year 2021 : Coupon n° 31
Ex date   We 08/12/2021
Record date   Th 09/12/2021
Payment date € 4,25 gross Fr 10/12/2021
Final dividend financial year 2021 : Coupon n° 32
Ex date   Mo 09/05/2022
Record date   Tu 10/05/2022
Payment date € 0,71 gross We 11/05/2022
Total € 4,96 gross  

Capital reduction

Amount

Calendar
Capital reduction : Coupon n° 33
Ex date   Mo 09/05/2022
Record date   Tu 10/05/2022
Payment date € 0,30 gross Mo 25/07/2022
Distribution from the reserves : Coupon n° 34
Ex date   Mo 09/05/2022
Record date   Tu 10/05/2022
Payment date € 0,05 gross Mo 25/07/2022
Total € 0,35 gross