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AB InBev's Shareholders Approve EUR 0.82 Dividend for 2023, Pass Key Resolutions in General Meeting | Rateweb
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AB InBev’s Shareholders Approve EUR 0.82 Dividend for 2023, Pass Key Resolutions in General Meeting

Anheuser-Busch InBev recently announced its dividend payment for the fiscal year 2023. This significant financial decision has implications not only for the company itself but also for its shareholders and the broader investment community.

Overview of AB InBev

AB InBev is a publicly traded company based in Belgium with secondary listings on various stock exchanges worldwide, including Euronext, NYSE, MEXBOL, and JSE. The company boasts a diverse portfolio of over 500 beer brands, ranging from global giants like Budweiser and Corona to local favourites in different regions.

Dividend Approval and Timeline

The General Shareholders’ Meeting held on April 24, 2024, approved a gross total dividend of EUR 0.82 per share for the year 2023. The dividend payment schedule is as follows:

ExchangeEx-dividend DateRecord DatePayment Date
Euronext03 May 202406 May 202407 May 2024
MEXBOL03 May 202406 May 202407 May 2024
JSE02 May 202406 May 202407 May 2024
NYSE (ADR)03 May 202406 May 202407 June 2024
Restricted03 May 202406 May 202407 May 2024

Resolutions Passed

Apart from the dividend approval, the General Shareholders’ Meeting also passed several resolutions:

  1. Discharge to Directors and Statutory Auditor: The meeting granted discharge to the directors and statutory auditor for their duties during the fiscal year 2023.
  2. Director Reappointments: Key directors, including Michele Burns, Paul Cornet de Ways Ruart, Grégoire de Spoelberch, Paulo Lemann, and Alexandre Van Damme, were reappointed for renewed terms.
  3. Restricted Share Directors Reappointment: Martin J. Barrington, Salvatore Mancuso, and Alejandro Santo Domingo were reappointed as Restricted Share Directors.
  4. Mandate Extension for Statutory Auditor: The statutory auditor’s mandate was extended to include providing assurance opinion on sustainability reporting.
  5. Approval of 2023 Remuneration Report: The meeting approved the remuneration report for the fiscal year 2023.

Financial Performance and Outlook

InBev reported a revenue of 59.4 billion USD for the year 2023, showcasing its financial strength and market position. The company’s diverse portfolio and global presence contribute to its stability and growth prospects.

Forward-Looking Statements and Risks

While the dividend announcement and resolutions reflect positive developments, it’s essential to consider the forward-looking statements and associated risks. AB InBev’s management acknowledges uncertainties and changes in circumstances that could impact future events and developments.

Conclusion

AB InBev’s dividend approval for 2023 and other resolutions passed at the General Shareholders’ Meeting underscore the company’s commitment to shareholder value and sound corporate governance. Shareholders can look forward to receiving their dividends as per the announced timeline, while the company continues to navigate challenges and pursue opportunities in the global market.