SES Confirms Interim Dividend of EUR 0.25
27 September 2024 - 8:50AM
Business Wire
Interim dividend of EUR 0.25 per A-share
approved as part of EUR 450 million of cash returns in 2024,
highlighting SES’s continued commitment to shareholder returns
The SES Board of Directors has approved the payment of an
interim dividend of EUR 0.25 per A-share (EUR 0.1 per B-share) to
be paid to shareholders on 17 October 2024, in line with the
announcement made in February 2024 and SES’s commitment to
shareholder returns.
The implementation of a semi-annual dividend distribution brings
greater alignment between the cash generation of the business and
cash returns to shareholders. The interim dividend to be paid next
month will be followed, subject to shareholder approval, by the
payment of a final dividend of at least EUR 0.25 per A-share (EUR
0.1 per B-share) in April 2025.
Including the ongoing share buyback programme, SES is returning
EUR 450 million to shareholders in 2024 and more than EUR 1 billion
since the beginning of 2021, equivalent to around 100% of Adjusted
Free Cash Flow over the same period, while maintaining investment
grade balance sheet metrics and continuing to invest in our future
network.
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About SES
SES has a bold vision to deliver amazing experiences everywhere
on Earth by distributing the highest quality video content and
providing seamless data connectivity services around the world. As
a provider of global content and connectivity solutions, SES owns
and operates a geosynchronous orbit fleet and medium earth orbit
(GEO-MEO) constellation of satellites, offering a combination of
global coverage and high performance services. By using its
intelligent, cloud-enabled network, SES delivers high-quality
connectivity solutions anywhere on land, at sea or in the air, and
is a trusted partner to telecommunications companies, mobile
network operators, governments, connectivity and cloud service
providers, broadcasters, video platform operators and content
owners around the world. The company is headquartered in Luxembourg
and listed on Paris and Luxembourg stock exchanges (Ticker: SESG).
Further information is available at: www.ses.com
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version on businesswire.com: https://www.businesswire.com/news/home/20240926808696/en/
Richard Whiteing Investor Relations Tel. +352 710 725 261
richard.whiteing@ses.com
Suzanne Ong Communications Tel. +352 710 725 500
suzanne.ong@ses.com
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