Financial Review (continued)
Average number of shares
Profit appropriation
O O Qs
Report of the Executive Board
Report of the Supervisory Board
HEINEKEN has 576,002,613 shares in issue. For the calculation of 2019 basic EPS, the weighted impact
of the treasury shares (including shares purchased for the employee incentive programme and 5.2 million
shares sold to CRE on 29 April 2019) results in a number of weighted average shares outstanding to
573,643,551 (2018: 570,146,069).
For the calculation of 2019 diluted EPS, the number of weighted average outstanding shares is adjusted
for the amount of shares to be delivered under the employee incentive programme, resulting in a weighted
average diluted number of shares of 574,217,111 (2018: 570,663,632).
The Heineken N.V. dividend policy is to pay out a ratio of 30% to 40% of full year net profit (beia). For 2019,
payment of a total cash dividend of €1.68 per share (2019: €1.60) will be proposed to the Annual General
Meeting of Shareholders on 23 April 2020 ("2020 AGM"). This represents an increase of 5.0% versus 2018,
translating into a 38.4% payout. If approved, a final dividend of €1.04 per share will be paid on 7 May 2020,
as an interim dividend of €0.64 per share was paid on 8 August 2019. The payment will be subject to a 15%
Dutch withholding tax. The ex-final dividend date for Heineken N.V. shares will be 27 April 2020.
Heineken N.V. Annual Report 2019
Financial Statements Sustainability Review Other Information
