Capital return & financing
Dividends, share buyback, bonds and credit rating
Dividend proposals
ASML aims to pay an annual dividend that will grow over time.
Annually, the Board of Management will, upon prior approval from the Supervisory Board, submit a proposal to the Annual General Meeting of shareholders with respect to the amount of dividend to be declared with respect to the prior year. The dividend proposal in any given year will be subject to the availability of distributable profits or retained earnings and may be affected by, among other factors, the Board of Management's views on our potential future liquidity requirements, including for investments in production capacity; the funding of our R&D programs and for acquisition opportunities that may arise from time to time; and by future changes in applicable income tax and corporate laws. Accordingly, it may be decided to propose not to pay a dividend or to pay a lower dividend with respect to any particular year in the future.
The following graph shows the last five years of dividend paid, in EUR:
Dividend proposal
Dividend pay out
On April 22, 2020 the Annual General Meeting of Shareholders has declared a total dividend for 2019 of EUR 2.40 per ordinary share (final dividend of EUR 1.35).
Ex-dividend date and fixing date EUR/USD conversion for NY shares: April 24, 2020
Record date Euronext & Nasdaq: April 27, 2020
Dividend payment date: May 6, 2020
Share buyback
After paying dividends, ASML uses remaining free cash flow for share buybacks
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* | A3 | stable | Moody's credit opinion, December 16, 2019 |
| Fitch** | A- | stable | Fitch rating report, February 25, 2020 |
*Rating affirmed on December 16, 2019
**Rating affirmed on February 14, 2020
Standby Facility
EUR 700 million syndicated revolving credit facility - not used.
Key terms & conditions:
| Borrower | Facility amount | Maturity |
|---|---|---|
| ASML Holding N.V. | € 700 million | 2025 |
