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 quarterly.
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, in EUR:
Dividend pay out
On April 24, 2024 the Annual General Meeting of Shareholders has approved the proposal to adopt a final dividend payment of €1.75 per ordinary share, which, together with the two interim dividends paid through the 2023 financial year and the interim dividend paid in February 2024, each €1.45 per ordinary share, leads to a total dividend for 2023 of €6.10 per ordinary share (5.2% increase compared to 2022).
Final dividend
Ex-dividend date: April 26, 2024
Fixing date EUR/USD conversion for NY shares: April 26, 2024 (4.00 p.m. CET)
Record date Euronext & Nasdaq: April 29, 2024
Payment date: May 7, 2024
The intended timetable for ASML Holding N.V. quarterly dividends (to be) paid in 2024 will be as follows:
| Event | Announcement date | Ex-dividend date | Fixing date (and time) EUR/USD conversion for New York shares | Record date Euronext | Record date Nasdaq ** | Payment date |
|---|---|---|---|---|---|---|
| Interim dividend | 24 January 2024 | 5 February 2024 | 5 February 2024 (4.00 p.m. CET) | 6 February 2024 | 6 February 2024 | 14 February 2024 |
| Final dividend 2023* | 24 January 2024* | 26 April 2024 | 26 April 2024 (4.00 p.m. CET) | 29 April 2024 | 29 April 2024 | 7 May 2024 |
| Interim dividend | 17 July 2024 | 29 July 2024 | 29 July 2024 (4.00 p.m. CET) | 30 July 2024 | 29 July 2024 | 7 August 2024 |
| Interim dividend | 16 October 2024 | 29 October 2024 | 29 October 2024 (4.00 p.m. CET) | 30 October 2024 | 29 October 2024 | 7 November 2024 |
* Voting item General Meeting of Shareholders 24 April 2024
** New US market conversion (T + 1 trade settlement) on May 28, 2024
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 |
|---|---|---|---|---|---|
| 3.500% EUR bond | ASML Holding N.V. | 6 Dec 2025 | EUR | 1,000 | XS2631416950 |
| 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 |
Green bond Information
The following table shows the green bond information for each green debt type:
| Debt type | Issuer | Maturity | Currency | Volume Outstanding (mln €) | ISIN code |
|---|---|---|---|---|---|
| 2.250% EUR bond | ASML Holding N.V. | 17 May 2032 | EUR | 500 | XS2473687106 |
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 | positive | Moody's credit opinion, August 9, 2023 Rating Action Moody's , April 24, 2024 |
| Fitch** | A | stable | Fitch rating action commentary, April 5, 2023 |
*Rating upgraded to A2 from A3 on August 30, 2021
**Rating upgraded to A from A- on April 19, 2022
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 |
