In this section of the page, you will find all the information you need to understand how Proximus (PROX) 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.
Upcoming Proximus dividend
Change(%)
-28.57%
Decrease
Next payment 0.5€
Next payment date Dec 8, 2023
Last payment 0.7€
Last payment date Apr 28, 2023
00 D 00 H 00 M 00 S
Ex-Dividend: 12/6/23
Confirmed

Proximus will distribute 0,5 euros per share in the form of a dividend on December 8, 2023.

The December 6, 2023 is the ex-dividend date. So if you wish to receive Proximus dividends, you must buy one day before this date.

Proximus distributed 0.7 euros per share in the form of a dividend on April 28, 2023.

Proximus Group N.V., listed on the Brussels Stock Exchange, BATS EU, OTC market, London, Frankfurt and Vienna, using the PROX symbol, has a track record of almost twenty years of delivering dividends to its shareholders without interruption, starting to pay dividends in 2005.

The value of the amount has been sustained, setting patterns in several consecutive periods, which is paid in two installments, one in April and the other in December, reaching a yield of approximately 10%.

Payout Ratio Proximus Dividends

Proximus paid 11% of its net income in the last fiscal period as dividends.
Dividend payout ratio

The dividend payout ratio, also known as the payout ratio, is an essential indicator for assessing the stability of a company's dividends. This ratio shows what proportion of the company's net profit is used to pay dividends to shareholders.

Dividend payout ratio = Total dividends ÷ Net income

Proximus's earnings (6,019,999,744.00€) are sufficient to cover the dividend payment. This payment represents 11% of the total net profit of PROX.
Dividend payout ratio
General recommendations

An appropriate payout ratio may vary depending on the industry, the company's growth stage and its financial health.

Payout Ratio

Dividend calendar of Proximus

This is the Dividend Calendar of Proximus in 2023.

Event Day
Last trading date December 5, 2023
Ex-Dividend (Ex-Date) December 6, 2023
Record date December 7, 2023
Date of payment December 8, 2023
Dividends schedule Proximus
Data confirmed by the company Proximus (PROX).
Confirmed
Estimation Policy

This data has been verified by Proximus's General Shareholders' Meeting.

Source

Historical annual dividend yields of Proximus

Over the past 5 years, Proximus has not consistently increased the annual dividend amount.
Increasing Dividends
Increasing Dividend Program

For a company to have growing dividends by our standards, the annual dividend amount must have increased steadily for at least the last 5 years.

Dividend yield

Dividend yield of Proximus vs. the sector

Proximus's dividend yield (13.62%) is below the sector average (14.91%).
Comparison with industry average
Comparison with industry average

The company's dividend yield is compared to the industry average to determine its positioning.

Proximus's dividend yield is below the top 75% (14.91%) of the sector.
Evaluation with respect to competence.
Comparison with competitors

Imagine you have a list of dividend yields for different companies in an industry. If you look for the "top 25%% percentile", you will find a number. This number tells you that the top 25%% of the companies with the highest dividends have a yield higher than that number.

On the other hand, the "top 75%% percentile" shows you another number, which tells you that 75%% of the companies have a higher yield than that number, thus showing a more common and less high yield.

Dividend yield history in Proximus

Over the past 5 years, Proximus's annual dividend income has fallen by more than 10%.
Dividend stability
Dividend stability

For a company to have stable dividends by our standards, it is vital that it has not had an annual decline of more than 10% over the previous year.

Dividend history of Proximus

In this table you can see the dividend history of Proximus:

YearEx-DividendAmountTotal
2023
04/26/2023
0.7 €
0.7 €
2022
12/07/2022
04/27/2022
0.5 €
0.7 €
1.2 €
2021
12/08/2021
04/28/2021
0.5 €
0.7 €
1.2 €
2020
12/09/2020
04/22/2020
0.5 €
1. €
1.5 €
2019
12/04/2019
04/24/2019
0.5 €
1. €
1.5 €
2018
12/05/2018
04/25/2018
0.5 €
1. €
1.5 €
2017
12/06/2017
04/26/2017
0.5 €
1. €
1.5 €
2016
12/07/2016
04/27/2016
0.5 €
1. €
1.5 €
2015
12/09/2015
04/22/2015
0.5 €
1. €
1.5 €
2014
12/10/2014
04/22/2014
0.5 €
1.68 €
2.18 €
2013
12/03/2013
04/23/2013
0.5 €
1.68 €
2.18 €
2012
12/11/2012
04/24/2012
0.31 €
1.68 €
1.99 €
2011
12/06/2011
04/26/2011
0.5 €
1.68 €
2.18 €
2010
12/07/2010
04/20/2010
0.5 €
1.68 €
2.18 €
2009
12/01/2009
04/14/2009
0.4 €
1.68 €
2.08 €
2008
12/16/2008
04/15/2008
0.5 €
1.68 €
2.18 €
2007
12/06/2007
04/17/2007
0.5 €
1.6 €
2.1 €
2006
12/06/2006
04/18/2006
0.29 €
1.52 €
1.81 €
2005
04/18/2005
1.9349 €
1.9349 €
Dividend history of Proximus

Proximus dividend capture strategy

Step 1: Buy Proximus shares (PROX) one day before ex-dividend date
Date of purchase Dec 5, 2023
Next ex-dividend date Dec 6, 2023
Step 2: Sell Proximus shares (PROX) when the price recovers.
Date of sale (estimated) Jan 12, 2024
Average price recovery 38 days
Average return on cost 4.17%
The dividend capture strategy is based on historical Proximus data. Past performance is no guarantee of future results.

Information about Proximus

Full name Proximus PLC
Ticker PROX
Sector Communications Services
Industry Telecom Services
Market Capitalization 2.84B €
ISIN N/A
Number of Employees 10,373
Address Proximus Towers, Koning Albert ll-laan 27, Brussels, 1030, Belgium
Phone 32 2 205 40 00
Website https://www.proximus.com
Description of the company

Proximus Group N.V., formerly known as Belgacom Group, is Belgium's largest telecommunications company, currently operating as a joint venture, partly owned by the state and partly by private investors, specializing in offering mobile and fixed-line telephony services.

It was founded in 1994 through a partial merger between 75% of Belgacom and 25% of AirTouch, which later merged with Vodafone and was bought by Belgacom in 2006. Since its creation, Proximus has taken advantage of the analog MOB2 network and the GSM network, making changes as innovations in the telecommunications sector arose.

In a fairly saturated market, the group occupies approximately 45%, including television services in its portfolio in 2014, currently the group's activities are broken down as follows:

  • Business telecommunications: fixed and mobile telephony, internet access, data transmission and communication minutes.
  • Telecommunications to individuals: interactive television, fixed telephony, mobile telephony and Internet access.
  • Carrier services: connectivity, international services.

Services are offered through various brands, depending on the activity and location, Belgacom is used for fixed telephony, Proximus for mobile communications and Telindus for ICT services, 77% of its sales come from Belgium, with more than 11,000 employees.

Frequently asked questions about Proximus dividends

Proximus pays dividends on a Semiannual basis.

Proximus is listed on the Bolsa de Bruselas and is part of the BEL20.

Proximus has the Ticker or stock code PROX.

Proximus belongs to the Communications Services sector and the Telecom Services industry.

The CEO of Proximus in 2023 is Mr. Guillaume Boutin.

At this moment, the value of a Proximus share is 8.79€.

Proximus does not have a growing dividend program. Dividends have not shown a steady growth in the last 5 years.

Proximus Forum

Check the latest comments and participate in the live chat on Proximus stocks (PROX).
Subscribe
Notify of
guest

0 Comments
Inline Feedbacks
View all comments