Philips 2012 Annual Report Download - page 216

17 Investor Relations 17.1 - 17.1
216 Annual Report 2012
2013 after close of trading, 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
Electronics N.V. at Euronext Amsterdam on 29, 30 and
31 May, 2013. 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 1.5% higher than the gross dividend in cash.
Payment of the dividend and delivery of new common
shares, with settlement of fractions in cash, if required,
will take place from June 5, 2013. The distribution of
dividend in cash to holders of New York registry shares
will be made in USD at the USD/EUR rate fixed by the
European Central Bank on June 3, 2013.
Dividend in cash is in principle subject to 15% Dutch
dividend withholding tax, which will be deducted from the
dividend in cash paid to the shareholders. Dividend in
shares paid out of earnings and retained earnings is subject
to 15% dividend withholding tax, but only in respect of the
par value of the shares (EUR 0.20 per share). This
withholding tax in the case of dividend in shares will be
borne by Philips.
In 2012, a dividend of EUR 0.75 per common share was
paid in cash or shares, at the option of the shareholder.
Approximately 62.4% elected for a share dividend
resulting in the issuance of 30,522,107 new common
shares, leading to a 3.4% dilution. The remainder of the
dividend (EUR 255 million) was paid in cash.
ex-dividend
date record date payment date
Amsterdam
shares May 7, 2013 May 9, 2013 June 5, 2013
New York
shares May 7, 2013 May 9, 2013 June 5, 2013
Dividend and dividend yield per common share
■-dividend per share in euros----yield in %1)
1.00
0.80
0.60
0.40
0.20
0
2.2
0.36
2003
1.6
0.36
2004
2.1
0.40
2005
1.7
0.44
2006
2.1
0.60
2007
2.4
0.70
2008
5.1
0.70
2009
3.4
0.70
2010
3.3
0.75
2011
4.6
0.75
2012
3.8
0.75
20132)
1) Dividend yield % is as of December 31 of previous year
2) Subject to approval by the 2013 Annual General Meeting of Shareholders
Information for US investors
Dividends and distributions per Common Share
The following table sets forth in euros the gross dividends
on the Common Shares in the fiscal years indicated (from
prior-year profit distribution) and such amounts as
converted into US dollars and paid to holders of Shares
of the New York registry:
2008 2009 2010 2011 2012
in EUR 0.70 0.70 0.70 0.75 0.75
in USD 1.09 0.94 0.93 1.11 0.94
Exchange rates USD : EUR
The following two tables set forth, for the periods and
dates indicated, certain information concerning the
exchange rate for US dollars into euros based on the
Noon Buying Rate in New York City for cable transfers
in foreign currencies as certified for customs purposes by
the Federal Reserve Bank of New York (the “Noon
Buying Rate”). The Noon Buying Rate on February 15,
2013 was EUR 0.7484 per USD 1.
EUR per USD
period end average high low
2007 0.6848 0.7259 0.7750 0.6729
2008 0.7184 0.6844 0.8035 0.6246
2009 0.6977 0.7187 0.7970 0.6623
2010 0.7536 0.7579 0.8362 0.6879
2011 0.7708 0.7186 0.7736 0.6723
2012 0.7584 0.7782 0.8290 0.7428
highest rate lowest rate
August, 2012 0.8231 0.7947
September, 2012 0.7958 0.7609
October, 2012 0.7766 0.7614
November, 2012 0.7865 0.7686
December, 2012 0.7734 0.7541
January, 2013 0.7665 0.7362
Philips publishes its financial statements in euros while a
substantial portion of its net assets, earnings and sales are
denominated in other currencies. Philips conducts its
business in more than 50 different currencies.
Unless otherwise stated, for the convenience of the
reader the translations of euros into US dollars appearing
in this report have been made based on the closing rate