Capital return & financing
Dividends, share buyback, bonds and credit rating
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:
ASML will submit a proposal to the Annual General Meeting of Shareholders (to be held on April 29, 2021) to declare a final dividend of EUR 1.55 per ordinary share.
Ex-dividend date and fixing date EUR/USD conversion for NY shares: May 3, 2021
Record date Euronext & Nasdaq: May 4, 2021
Dividend payment date: May 12, 2021
After paying dividends, ASML uses remaining free cash flow for share buybacks
Bond and credit rating
The following graph shows the current debt maturity schedule in EUR millions:
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|
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 affirmed on December 17, 2020
**Rating affirmed on February 14, 2020
EUR 700 million syndicated revolving credit facility - not used.
Key terms & conditions:
|ASML Holding N.V.||€ 700 million||2025|