In this section of the page, you will find all the information you need to understand how BEL20 (Bolsa de Bruselas) dividends work. In addition, you will be able to consult the payment date, the ex-dividend date, the last day to be entitled to the payment, the money to be received per share, the yield and any other doubts that may arise.

Information about BEL20

The BEL20 is the main stock market index of the Brussels Stock Exchange in Belgium. It was created in 1991 and is composed of the 20 most significant companies and enterprises listed on the Belgian market.

This index reflects the performance of the Belgian market and is weighted by market capitalization, which means that companies with a higher market capitalization have a higher weight in the index.

Virtually all BEL20 companies pay dividends; some of the most prominent are Anheuser-Busch InBev, KBC Group, Proximus and others.

How is the BEL20 value calculated?

To determine the daily value of the BEL20 stock index, the following mathematical formula is used based on the capitalization of its component companies:

BEL20(t) = BEL20(t - 1) × Σ Capi(t) / [ Σ Capi(t - 1) ± J ]

In addition, an adjustment coefficient J is used to prevent financial transactions, such as capital increases or reductions, from drastically affecting the share price.

The value of BEL20 on day t is obtained by multiplying the value of BEL20 on the previous day (day t-1) by a percentage calculated from the sum of the capitalizations of the 20 companies on day t, divided by the sum of the capitalizations on day t-1.

It is important to understand that the daily capitalization of a specific company is calculated by multiplying the number of shares by the listed value of that company on that day.

For example, if today the BEL20 closed at 3,500 points, the total capitalization of the 20 companies today would be approximately 200 billion. If tomorrow the capitalization, at the close, amounted to 202.5 billion, the final close of the BEL20, tomorrow would be:

BEL20 (specific day) = 3,500 x 202.5/200 = 3,537.5 basis points.

How can I invest in BEL20 shares and receive dividends?

If you want to invest in BEL20 stocks and collect dividends, you can do it with Scalable Capital broker in just a few minutes. We leave you a complete guide with our opinion so you can see the variety of stocks and ETFs to invest in dividends.

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Dividends schedule BEL20

CompanyEx-DividendAmountPayment DateConfirmed
Logo de Proximus
12/06/20230.5 €12/08/2023Check Icon
Logo de Solvay
01/15/20241.62 €01/17/2024Check Icon
Logo de Umicore
03/01/20240.47 €03/05/2024Cross Icon
Logo de UCB
04/26/20241.24 €05/02/2024Cross Icon
Logo de Barco
05/07/20240.35 €05/09/2024Cross Icon

Latest Dividends BEL20

CompanyEx-DividendAmountPayment Date
Logo de Aedifica
06/22/20231.9156 €05/21/2024
Logo de Anheuser-Busch InBev
Anheuser-Busch InBevABI
05/03/20230.75 €05/05/2023

Graph of companies divided by sector BEL20

Most profitable dividends BEL20

Logo de Proximus
13.77 %
Logo de Cofinimmo
9.57 %
Logo de KBC Group
7.63 %
Logo de Ageas
7.62 %
Logo de Aedifica
6.46 %
Logo de Melexis
4.11 %
Logo de Solvay
3.91 %
Logo de Groupe Bruxelles Lambert
Groupe Bruxelles LambertGBLB
3.79 %
Logo de Umicore
3.41 %
Logo de Barco
2.78 %

Table of companies divided by sector BEL20

In the following table you can see to which sector each of the companies belongs:

Communications ServicesProximus
Real EstateCofinimmo, Aedifica
Financial ServicesKBC Group, Ageas, Groupe Bruxelles Lambert, Sofina
TechnologyMelexis, Barco
Basic MaterialsSolvay
IndustryUmicore, Ackermans & Van Haaren
Health CareUCB
Public ServicesElia Group
Cyclical Consumer ProductsD'Ieteren Group
Productos de consumo defensivosAnheuser-Busch InBev

BEL20 Companies with dividends

Below is a list of Bolsa de Bruselas companies that pay dividends:

Ackermans & Van HaarenAedificaAgeasAnheuser-Busch InBevArgenxBarcoCofinimmoDElia GroupGroupe Bruxelles LambertKBC GroupMelexisProximusSofinaSolvayUCBUmicore