CIMdata PLM Industry Summary Online Archive
22 March 2012
Financial News
SAP Recommends Dividend Increase of 83% to €1.10 per Share After Record Year
Today, the Supervisory Board of SAP AG has decided to follow the recommendation of the Executive Board to propose at the Annual General Meeting of Shareholders a dividend of €1.10 per share for the fiscal year 2011. This represents an increase of 83% to €1.10 compared to last year’s dividend of €0.60. The dividend includes a special dividend of €0.35 per share to celebrate SAP’s 40th anniversary. If the Annual General Meeting of Shareholders approve this recommendation, the total amount distributed in dividends would be around €1.3 billion (2010: €713 million). The dividend payout ratio would be 38% (2010: 39%).
The Annual General Meeting of Shareholders is scheduled for May 23, 2012 in Mannheim, Germany. The payment of the dividend is scheduled on or after May 24, 2012.
Note to holders of SAP ADRs (American Depositary Receipts): One SAP ADR represents one SAP AG share. The final dividend is dependent upon the Euro/US-Dollar exchange rate. SAP AG pays cash dividends on the ordinary shares in Euro, so exchange rate fluctuations will affect the US-Dollar amounts received by holders of ADRs, depending on the foreign exchange rate at the time of the conversion of the dividend cash from Euro to US-Dollar. The final dividend payment by SAP AG to the depositary bank is scheduled for May 24, 2012. The depositary bank will then convert the dividend payment from Euro into US-Dollar as promptly as practicable.
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