Linde Plans to Declare Dividend of EUR7 a Share for 2017, Part of 2018
February 19 2018 - 9:13AM
Dow Jones News
By Pietro Lombardi
Linde AG (LINU.XE) said Monday that its executive board plans to
propose a dividend of 7 euros ($8.7) a share for 2017 and part of
2018.
The amount includes a 2017 dividend of EUR3.90 a share, and the
remaining is for part of 2018.
The decision is consistent with the merger agreement the company
reached with Praxair Inc. (PX) in June and stems from the different
timing of the dividend payments between Linde and Praxair.
According to the agreement, Linde may, in 2018, "pay a dividend
which economically covers the financial year 2017 and, on a pro
rata basis, every quarter for which Praxair is expected to pay a
dividend to its shareholders in 2018" before the merger is
completed, Linde said.
In June, the two companies said their boards had approved a
merger, which is still subject to regulatory approval.
The dividend proposal is subject to the approval of Linde's
supervisory board.
Write to Pietro Lombardi at pietro.lombardi@dowjones.com
(END) Dow Jones Newswires
February 19, 2018 08:58 ET (13:58 GMT)
Copyright (c) 2018 Dow Jones & Company, Inc.
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