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 |
€ 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) |
Monday 13 May 2024 |
|
|
Dividend financial year 2023 (coupon n°5) |
|
Tuesday 14 May 2024 |
|
Dividend financial year 2023 (coupon n°5) |
|
Friday 14 June 2024 |
|
Distribution to shareholders: |
€ 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) – |
|
Monday 13 May 2024 |
|
Distribution from the reserves (coupon n°7) – |
|
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.
