Amsterdam, the Netherlands – Royal Philips (NYSE: PHG, AEX: PHIA) announced that today’s Extraordinary General Meeting of Shareholders (EGM) approved the proposal to declare a distribution of EUR 0.85 per common share against the net income for 2019, in shares only.
The dividend timetable is as follows:
Ex-dividend date: June 30, 2020
Dividend record date: July 1, 2020
Announcement of ratio and number of dividend shares: July 6, 2020
Payment date: As from July 7, 2020
The number of share dividend rights entitled to one new common share will be determined based on the volume-weighted average price of all traded common shares of Koninklijke Philips N.V. at Euronext Amsterdam on June 30, and July 1 and 2, 2020. The company will calculate the number of share dividend rights entitled to one new common share, such that the gross dividend in shares will be approximately equal to EUR 0.85.
For more information about Philips’ EGM, which was held today in Amsterdam, please click on this link.