SAP Proposes Raising Dividend to EUR1.58 a Share From EUR1.50
February 19 2020 - 11:05AM
Dow Jones News
By Mauro Orru
SAP SE said Wednesday that its supervisory board would propose a
dividend of 1.58 euros($1.70) a share at its annual general meeting
on May 20.
The German software company said the proposed dividend would
mark an increase of EUR0.08 or 5.3% from a dividend of EUR1.50 the
previous year.
SAP also said the supervisory board approved the use of EUR1.5
billion capital return in 2020 to buy back shares.
The share buyback will run from Feb. 20 to Dec. 31, SAP
added.
Write to Mauro Orru at mauro.orru@wsj.com; @MauroOrru94
(END) Dow Jones Newswires
February 19, 2020 10:50 ET (15:50 GMT)
Copyright (c) 2020 Dow Jones & Company, Inc.
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