SES has announced details of a new dividend payment to shareholders. The SES Board of Directors has approved the payment of an interim dividend of 0.25 euros ($0.28) per A-share (0.1 euros per B-share) to be paid to shareholders in October, in line with the announcement made in February 2024 and SES’s commitment to shareholder returns. SES made the announcement, Sept. 27.

SES says the implementation of a semi-annual dividend distribution brings greater alignment between the cash generation of the business and cash returns to shareholders. The interim dividend to be paid next month will be followed, subject to shareholder approval, by the payment of a final dividend of at least 0.25 euros per A-share (0.1 euros per B-share) in April 2025.

Including the ongoing share buyback program, SES is returning 450 million euros ($502.02 million) to shareholders in 2024 and more than one billion euros ($1.11 billion) since the beginning of 2021, equivalent to around 100% of Adjusted Free Cash Flow over the same period, while maintaining investment grade balance sheet metrics and continuing to invest in our future network.