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
LUXEMBOURG -- (BUSINESS WIRE) --
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