Boskalis Announces Stock Dividend
- Business & Finance
Royal Boskalis Westminster N.V. (Boskalis), global dredging and marine expert, has declared dividend of EUR 1.60 per ordinary share for the financial year 2014.
This dividend shall be distributed in the form of ordinary shares, unless a shareholder opts to receive the dividend payment in the form of cash.
With the dividend distribution as stock, shareholders will receive one ordinary share per 27.9 dividend rights of ordinary shares. The conversion rate has been based on the volume weighted average stock price of Boskalis shares traded on Euronext Amsterdam over the period 2, 3 and 4 June 2015 of EUR 44.7016.
From 9 June 2015 the dividend will be payable in cash and ordinary shares arising from the conversion of dividend rights will be delivered. Cash distribution will be subject to deduction of dividend tax as required by law.