In the Annual General Meeting of Arcadis N.V., held on 25 April 2019, the dividend for the financial year 2018 was set at EUR 0.47 per ordinary share. Arcadis N.V. offers its shareholders the choice to receive the dividend in cash or in shares. This is the same nominal amount as was distributed for financial year 2017. In total, this distribution represents 47% of net income from operations. This dividend distribution is in accordance with the applicable provisions of the articles of association. It implies a one-off deviation from our dividend policy (as dealt with and explained as a separate agenda item at the annual General Meeting in May 2005) which aims for a pay-out of 30-40% of net income from operations. No amendment to the dividend policy is envisaged.
Exchange ratio of dividend financial year 2018
The exchange ratio is 1 new share for every 35.01 shares. This is based on the volume weighted average share price from 9 May through 15 May 2019 of € 16.4589 per share. This means that 35.01 shares will grant the right to receive 1 new share if the choice was made to receive the dividend in shares. Both the cash dividend and stock dividend is made payable to shareholders at 17 May 2019.
With regard to the dividend the payments will be made in accordance with Article 5:3(2) sub d and Article 5:4 sub (e) of the Act on Financial Supervision (Wet op het Financieel Toezicht).
Net income from operations*
Closing price Amsterdam Euronext*
Our dividend policy aims for a payout of 30-40% of net income from operations. The Executive Board can resolve to offer the shareholders the option to either receive the dividend in cash or in shares.