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Capital return & financing
Dividends, share buyback, bonds and credit rating, standby facility
Dividend proposals
ASML aims to distribute a dividend that will be growing over time, paid semi-annually.
On an annual basis, the Board of Management, upon prior approval from the Supervisory Board, submits a proposal to the AGM with respect to the amount of dividend to be declared with respect to the prior year, taking into account any interim dividend distributions. The dividend proposal in any given year will be subject to availability of distributable profits, retained earnings and cash, and may be affected by, among other things, our view of potential future liquidity requirements including for investments in production capacity, working capital requirements, the funding of our R&D programs and acquisition opportunities that may arise from time to time.
The following graph shows the last five years of dividend paid, in EUR:
Dividend proposal
ASML intends to declare a total dividend in respect of 2021 of €5.50 per ordinary share. Recognizing the interim dividend of €1.80 per ordinary share paid in November 2021, this leads to a final dividend proposal to the Annual General Meeting of Shareholders (to be held on April 29, 2022) of €3.70 per ordinary share.
Ex-dividend date and fixing date EUR/USD conversion for NY shares: May 3, 2022
Record date Euronext & Nasdaq: May 4, 2022
Dividend payment date: May 12, 2022
Share buyback
In addition to dividend payments, we intend to return cash to our shareholders on a regular basis through share buybacks or capital repayment, subject to our actual and anticipated level of liquidity requirements and other relevant factors.
The following graph shows the last five years of share buyback repurchased, cumulative from initial start in 2006, in million EUR:
Find out more about previous and current share buyback programs.
Bond and credit rating
The following graph shows the current debt maturity schedule in EUR millions:
Bond Information
The following table shows the bond information for each debt type:
| Debt type | Issuer | Maturity | Currency | Volume Outstanding (mln €) | ISIN code |
|---|---|---|---|---|---|
| 0.625% EUR Bond | ASML Holding N.V. | 7 Jul 2022 | EUR | 500 | XS1405774990 |
| 3.375% EUR Bond | ASML Holding N.V. | 19 Sep 2023 | EUR | 750 | XS0972530561 |
| 1.375% EUR Bond | ASML Holding N.V. | 7 Jul 2026 | EUR | 1,000 | XS1405780963 |
| 1.625% EUR Bond | ASML Holding N.V. | 28 May 2027 | EUR | 750 | XS1527556192 |
| 0.625% EUR Bond | ASML Holding N.V. | 7 May 2029 | EUR | 750 | XS2166219720 |
| 0.250% EUR Bond | ASML Holding N.V. | 25 Feb 2030 | EUR | 750 | XS2010032378 |
Credit Rating
ASML is committed to maintain a capital structure that supports a solid investment grade credit rating. Regular review meetings are held between rating agencies and ASML senior management. See table for present rating and outlook:
| Rating agency | Long-term rating | Outlook | Related links |
|---|---|---|---|
| Moody's* | A2 | stable | Moody's credit opinion, September 1, 2021 |
| Fitch** | A- | stable | Fitch rating report, July 20, 2021 |
*Rating upgraded to A2 from A3 on August 30, 2021
**Rating affirmed on June 24, 2021
Standby Facility
EUR 700 million syndicated revolving credit facility - not used.
Key terms & conditions:
| Borrower | Facility amount | Maturity |
|---|---|---|
| ASML Holding N.V. | € 700 million | 2026 |
