Dividends

KPN continuously invests in its network, products and customers, resulting in high quality fixed and mobile networks and improved customer experience across all segments. KPN continues to focus on improving the customer experience further by investing in capacity, reliability and stability of its networks. KPN’s Free Cash Flow generation forms the basis for its policy related to regular dividends.

Growing Free Cash Flow will support KPN’s continued progressive dividend policy and regular dividend per share growth of 3-5% per annum in the 2021-2023 period.

KPN remains committed to an investment grade credit profile and targets a leverage ratio of less than 2.5x.