SAP Declares 12% Increase to 2017 Dividend
February 21 2018 - 9:35AM
Dow Jones News
By Marc Navarro Gonzalez
SAP SE (SAP.XE) said Wednesday that its executive and
supervisory boards have recommended a 12% increase in the company's
dividend for 2017, raising it to 1.40 euro a share ($1.73) from
EUR1.25.
The German software company said shareholders will have to
approve the increase at its next annual general meeting, which is
scheduled for May.
If approved, and if treasury shares remain at the 2017 closing
level, the total amount of dividends to be distributed will be
around EUR1.67 billion, it said.
SAP also said it has increased its dividend policy to distribute
at least 40% of its net profit. The previous dividend policy was to
pay out more than 35% of net income.
Write to Marc Navarro Gonzalez at marc.navarro@dowjones.com
(END) Dow Jones Newswires
February 21, 2018 09:20 ET (14:20 GMT)
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