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

On April 26, 2024 at 4.00 PM CET the EUR/USD conversion rate for the payment of the final dividend on May 7, 2024 to ASML’s New York Shareholders in USD was fixed at 1.0704.

The intended timetable for ASML Holding N.V. quarterly dividends (to be) paid in 2024 will be as follows:

EventAnnouncement dateEx-dividend dateFixing date (and time) EUR/USD
conversion for New York shares
Record date EuronextRecord date Nasdaq **Payment date
Interim dividend24 January 2024
5 February 20245 February 2024 (4.00 p.m. CET)6 February 20246 February 202414 February 2024
Final dividend 2023*24 January 2024*26 April 202426 April 2024 (4.00 p.m. CET)29 April 202429 April 20247 May 2024
Interim dividend17 July 202429 July 202429 July 2024 (4.00 p.m. CET)30 July 202429 July 20247 August 2024
Interim dividend16 October 202429 October 202429 October 2024 (4.00 p.m. CET)30 October 202429 October 20247 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 typeIssuerMaturityCurrencyVolume Outstanding (mln €)ISIN code
3.500% EUR bondASML Holding N.V.6 Dec 2025EUR
1.375% EUR BondASML Holding N.V.7 Jul 2026EUR
1.625% EUR BondASML Holding N.V.28 May 2027EUR
0.625% EUR BondASML Holding N.V.7 May 2029 EUR
0.250% EUR BondASML Holding N.V.25 Feb 2030EUR

Green bond Information

The following table shows the green bond information for each green debt type:

Head 1 Head 2
Green Bond FrameworkDownloadSecond party opinionDownload
Allocation Report 2022DownloadImpact Report 2022 Download
Allocation Report 2023DownloadImpact Report 2023 Download
Debt typeIssuerMaturityCurrencyVolume Outstanding (mln €)ISIN code
2.250% EUR bondASML Holding N.V.
17 May 2032EUR
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 agencyLong-term ratingOutlookRelated links
positiveMoody’s credit opinion May 2, 2024
Fitch**A+stableFitch rating action commentary, May 17, 2024

*Rating upgraded to A2 from A3 on August 30, 2021

**Rating upgraded to A+ from A on May 17, 2024

Standby Facility

EUR 700 million syndicated revolving credit facility - not used.

Key terms & conditions:

BorrowerFacility amountMaturity
ASML Holding N.V.
€ 700 million