WALLDORF, Germany, Feb. 21, 2018 /PRNewswire/ -- The Executive
Board and the Supervisory Board of SAP SE (NYSE: SAP) recommend
that shareholders approve a dividend of €1.40 per share for the
fiscal year 2017 at the Annual General Meeting of Shareholders.
This represents a year-over-year increase of €0.15, or 12% compared
to last year's dividend of €1.25. If the shareholders approve this
recommendation and if treasury shares remain at the 2017 closing
level, the total amount of dividends to be distributed will be
approximately €1.67 billion (2016: €1.5 billion), representing a
pay-out ratio of 41% (2016: 41%). Further, SAP has increased the
dividend policy to 40% or more of profit after tax (previously more
than 35%).
"With strong growth and positive cash flow in 2017, we had a
very successful year. We are recommending a 12% higher dividend, so
our shareholders will participate greatly in this success," said
Luka Mucic, Chief Financial Officer, SAP. "Further, to emphasize
our attractive dividend, we are adjusting our dividend policy
upwards, to consistently pay an annual dividend of 40% or more of
profit after tax."
The Annual General Meeting of Shareholders is scheduled for
May 17, 2018 in Mannheim,
Germany. The 2017 fiscal year
dividend is scheduled to be paid on or after May 22, 2018.
Note to holders of SAP ADRs (American Depositary Receipts): One
SAP ADR represents one SAP SE share. The final dividend amount per
ADR is dependent upon the euro/US dollar exchange rate. Since SAP
SE pays cash dividends on the ordinary shares in euro, the exchange
rate fluctuations will affect the US dollar amounts received by
holders of ADRs. The final dividend payment by SAP SE to the
depositary bank is scheduled for May 22,
2018. The depositary bank will then convert the dividend
payment from euro into US dollars as promptly as practicable.
About SAP
As a market leader in enterprise application software, SAP (NYSE:
SAP) helps companies of all sizes and industries run better. From
back office to boardroom, warehouse to storefront, desktop to
mobile device – SAP empowers people and organizations to work
together more efficiently and use business insight more effectively
to stay ahead of the competition. SAP applications and services
enable more than 378,000 business and public sector customers to
operate profitably, adapt continuously, and grow sustainably. For
more information, visit www.sap.com.
For more information,
financial community only:
|
Stefan
Gruber
|
+49 (6227)
7-44872
|
investor@sap.com,
CET
|
Follow SAP Investor
Relations on Twitter at @sapinvestor.
|
|
For more information,
press only:
|
Nicola
Leske
|
+49 (6227)
7-50852
|
nicola.leske@sap.com,
CET
|
Daniel
Reinhardt
|
+49 (6227)
7-40201
|
daniel.reinhardt@sap.com, CET
|
Rajiv
Sekhri
|
+49 (6227)
7-74871
|
rajiv.sekhri@sap.com,
CET
|
|
For customers
interested in learning more about SAP products:
|
Global Customer
Center:
|
+49 180
534-34-24
|
United States
Only:
|
+1 (800) 872-1SAP
(+1-800-872-1727)
|
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SOURCE SAP SE