Dividend Information

Dividend Policy

The dividend policy introduced further to the 2015 Annual General Meeting of Shareholders (AGM) made future dividend payments dependent on the availability of sufficient free cash flow in the year of payment. With a dividend payout ratio between 25% and 35% of ‘Directional net income’, the amount would be payable in cash and / or shares at the discretion of shareholders.

SBM Offshore intends to revise its dividend policy relating to future dividend proposals as follows: “The Company’s policy is tomaintain a stable dividend which grows over time. Determination of the dividend is based on the Company’s assessment of the underlying cash flow position and of ‘Directional net income’, where a target payout ratio of between 25% and 35% of ‘Directional net income’ will also be considered”. The proposed change will be presented for discussion at the AGM on April 13, 2017.

 

Dividend Distribution

At the 2016 AGM, on April 6, 2016, shareholders voted in favor of the dividend proposal to distribute €0.1847 per ordinary share (US$0.21 per ordinary share).

During the 2017 AGM, on April 13, 2017, shareholders will be requested to adopt the all cash dividend proposal to distribute US$0.23 per ordinary share.

 

Dividend Timetable

Ex-Dividend April 19, 2017
Record Date April 20, 2017
Payment Date May 12, 2017

 

Dividend Reinvestment Plan

SBM Offshore N.V. has agreed to a Dividend Reinvestment Plan (DRIP) that will be offered by ABN AMRO Bank N.V. (ABN AMRO). By participating in this program, shareholders can reinvest their net cash dividend into ordinary shares of SBM Offshore.  Further information regarding the DRIP can be found in “Frequently Asked Questions about the DRIP” or can be obtained by contacting your intermediary or ABN AMRO directly by phone at  +31 (0) 20 344 2000 or by e-mail Corporate Broking ABN Amro.

Please click here for the Frequently Asked Questions about the DRIP.