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ADR Program for US Investors

Anheuser-Busch InBev ADR Details

  • Ticker: BUD
  • Exchange: New York Stock Exchange
  • Ratio: 1 ADR = 1 Ordinary share
  • CUSIP: 03524A108
  • Country: Belgium
  • Industry: Consumer Products

Trading in ADRs

Anheuser-Busch InBev ADRs are traded on the New York Stock Exchange. You can purchase or sell Anheuser-Busch InBev ADRs through your broker.


Exchange-rate fluctuations will affect the U.S. dollar amounts received by holders of ADRs since dividends are declared in euros.


Any cash dividends paid to ADR holders on behalf of Anheuser-Busch InBev will be paid in U.S. dollars and are generally taxable, just like dividends on U.S. shares. Further, cash dividends paid by Anheuser-Busch InBev are subject to 30% withholding tax under Belgian law as of January 1, 2017.

Under the income tax conventions between the United States & Belgium and Canada & Belgium, United States and Canadian residents are eligible for reduced Belgian withholding tax (for most people, at a rate of 15% rather than the standard 30%).

ADR holders eligible for the refund must be residents of the United States or Canada in accordance with the aforementioned Convention. Contact your broker or tax advisor for more information and any applicable U.S. tax forms.

For more information regarding Belgian tax withholding and the tax reclamation process, please contact The Bank of New York Mellon / GlobeTax at 1-800-915-3536 and/or your tax advisor.

Bank of New York Mellon Shareholder Services

Bank of New York Mellon

Shareholder Services Anheuser-Busch InBev Dedicated

Toll Free: 866-222-8360