ArcelorMittal intends to progressively increase the base dividend paid to its shareholders, and, on attainment of the net debt target, return a percentage of free cash flow annually. Accordingly, the Board proposes an increase in the base dividend for 2019 (paid from 2018 earnings) to $0.20 per share which will be proposed to the shareholders at the AGM in May 2019

Source: company website, April 2018

On January 31, 2018, the Company announced that the Board has agreed to resume dividends to shareholders. Given the current de-leveraging bias, a dividend of $0.10/share for 2018 (paid from 2017 results) will be proposed to shareholders at the annual general meeting of shareholders in May 2018. Once the Company achieves net debt at or below its $6 billion target, the Company will then be committed to returning a portion of annual free cash flow (FCF) to shareholders.

Dividends are announced in US dollars. Dividends are paid in US dollars for shares traded in the United States in the form of New York registry shares. Dividends are paid in EUR for shares listed on the European Stock Exchanges (Amsterdam, Paris, Luxembourg, Madrid, Bilbao, Valencia, Barcelona) and converted from US dollars to EUR based on the European Central Bank exchange rate at the date mentioned in the table below (FX Exchange rate). A Luxembourg withholding tax of 15% is applied on the gross dividend amounts.