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 January 24, 2024 ASML announced that it intends to declare a total dividend for the year 2023 of €6.10 per ordinary share, which is a 5.2% increase compared to 2022. An interim dividend of €1.45 per ordinary share was paid on February 14, 2024.

 

Recognizing this interim dividend and the two interim dividends of €1.45 per ordinary share paid in 2023, this leads to a final dividend proposal to the General Meeting of €1.75 per ordinary share.

 

Interim dividend

Ex-dividend date: February 5, 2024

Fixing date EUR/USD conversion for NY shares: February 5, 2024 (4.00 p.m. CET)

Record date Euronext & Nasdaq: February 6, 2024

Payment date: February 14, 2024

 

On February 5, 2024 at 4:00 PM CET the EUR/USD conversion rate for the payment of the interim dividend on February 14, 2024 to ASML’s New York Shareholders in USD was fixed at 1.072800.

 

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:

Green Bond Framework        Download        Second party opinion        Download       
Allocation Report 2022        Download    Impact Report 2022        Download       
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 stable Moody's credit opinion, August 9, 2023
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