SES Plans Substantial Shareholder Returns with New Dividend
SES Announces Interim Dividend Payment for Shareholders
SES has made a significant announcement regarding its approach to shareholder returns, confirming the approval from its Board of Directors for an interim dividend of EUR 0.25 per A-share. In addition, B-shares will receive EUR 0.1 as part of this distribution. This move illustrates SES's ongoing commitment to enhancing shareholder value and aligns with its timeline set earlier this year.
Details of the Dividend Distribution
The upcoming interim dividend will be disbursed next month, approximately aligning with shareholder expectations. Looking ahead, subject to approval, SES anticipates a final dividend payment of no less than EUR 0.25 per A-share and EUR 0.1 per B-share around April of the following year. This strategic dividend plan is emblematic of SES's efforts to ensure transparency with its investors and aligns the cash flow generation with shareholder distributions.
Transforming the Shareholder Experience
By adopting a semi-annual dividend distribution model, SES is bridging the gap between cash generation from its operations and the actual cash returns provided to its loyal shareholders. This initiative underscores SES's focus on sustainability in its business operations while still prioritizing shareholder returns—a balance essential in today's competitive market.
Share Buyback Program and Expected Returns
In conjunction with the dividend payments, SES has launched an extensive share buyback program with plans to return EUR 450 million to shareholders this year. Since 2021, the company has returned over EUR 1 billion to its investors, which is remarkable and represents around 100% of its Adjusted Free Cash Flow during the period, all while maintaining solid investment-grade balance sheet metrics.
Commitment to Innovation and Future Growth
SES maintains its commitment to innovation and continued investment in its future network as it returns value to shareholders. This is not merely about returning cash; SES is focused on enhancing its operations to ensure that they continue to provide top-notch services. SES provides global connectivity solutions through a network of geosynchronous satellites, enabling seamless service delivery over land, sea, and air.
Leveraging Technology and Expertise
As a leading satellite operator, SES is dedicated to improving video content distribution and data connectivity across borders. The company caters to a diverse set of partners including telecommunications providers, mobile network operators, and content creators. Its advanced, cloud-enabled network ensures that SES can deliver reliable connectivity across various platforms, enhancing user experiences and serving as a trusted partner in the digital landscape.
SES in the Market Landscape
With headquarters in Luxembourg and presence on major stock exchanges, SES remains a vital player in the global telecommunications sector. The company consistently seeks avenues for growth and improvement, creating competitive advantages that resonate with its shareholders. With its ongoing dedication to improving services, SES not only aims to increase customer satisfaction but also aims for sustainable profitability and returns for its shareholders.
Frequently Asked Questions
What is the interim dividend declared by SES?
The interim dividend is set at EUR 0.25 per A-share and EUR 0.1 per B-share.
When will the interim dividend be paid?
The interim dividend is scheduled to be paid next month.
What are SES's total returns to shareholders since 2021?
SES has returned over EUR 1 billion to its shareholders since the beginning of 2021.
How does SES plan to align cash generation with shareholder returns?
SES is implementing a semi-annual dividend distribution model to better align its cash generation with shareholder distributions.
What services does SES offer to its partners?
SES offers global connectivity solutions, high-quality video content delivery, and robust data services to various partners including telecommunications companies.
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