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

On April 24, 2019 the Annual General Meeting of Shareholders declared a dividend of EUR 2.10 per ordinary share.

 

Ex-dividend date: April 26, 2019

Fixing date EUR/USD conversion for NY shares: April 26, 2019

 

Record date Euronext & Nasdaq: April 29, 2019

Dividend payment date: May 8, 2019

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
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 12, 201
Fitch** A- stable Fitch rating report, February 7, 2019

*Rating upgraded from Baa1 to A3 on December 12, 2018

**Rating affirmed on January 29, 2019

 

Standby Facility

EUR 700 million syndicated revolving credit facility - not used.

Key terms & conditions:

Borrower Facility amount Maturity
ASML Holding N.V. € 700 million 2024