Dividend payment

On 10 March 2021, the Board of Directors approved a proposal to the next AGM of a dividend payment of 27.8c per share, in line with last year, representing a dividend yield of approximately 10%. The Board of Directors recognizes that following the recent sale of NOS Towering and the strength of NOS’ balance Sheet, upon payment of this dividend, NOS will remain below its target net debt of 2x NFD / EBITDA AL and is solidly positioned to meet future investments. NOS remains committed to distribute an attractive level of dividends whilst maintaining a strategic focus on preserving a strong capital structure to support continued delivery of sustainable value creation for shareholders.


Net income
(millions of euros)
Net Income per share ​Dividends per share Payout ratio
​2020 ​92.0 0.278€​ ​0.278€ 156%​
​2019 ​143.5 0.278€​ ​0.278€ 100%​
​2018 ​137.8 0.27€​ ​0.35€ 127%​
​2017 ​124.1 0.24€​ ​0.30€ 125%​
​2016 ​90.4 0.20€​ ​0.20€ 114%​
​2015 ​82.7 0.16€​ ​0.16€ 100%​
​2014 ​74.7 0.15€​ ​0.14€ 97%​
​2013 ​63,4 0.12€​ ​0.12€ 97%​
​2012 ​36.0 ​0.12€ ​0.12€ ​103%
​2011 ​34.2 ​0.11€ ​0.16€ ​145%
​2010 ​35.4 ​0.11€ ​0.16€ ​140%
​2009 ​44.0 ​0.14€ ​0.16€ ​112%
​2008 ​47.9 ​0.16€ ​0.16€ ​103%
​2007 Extraordinary ​48.9 ​0.16€ ​0.30€ ​190%
​2007 Ordinary ​48.9 ​0.16€ ​0.20€ ​126%
2007 Total ​48.9 ​0.16€ ​0.50€ ​316%
​2006 ​71.1 ​0.23€ ​0.30€ ​130%
2005 ​111.7 ​0.36€ ​0.275€ ​76%