Investor Relations > Shares > Dividend

Stock dividend

In accordance with our dividend policy, and depending on our company's financial and profit situation and financial requirements at the time, we aim to pay out around 50% of the group's operating result to our shareholders and retain the other half as a reserve for future investments.

The Annual General Meeting of 24 March 2017 followed the recommendation of the Management Board and Supervisory Board and decided on the dividend payout for the 2016 financial year. Consequently, on 29 March 2017, € 0.53 was paid out for each preference share and €0.48 for each ordinary share. This represented an increase of € 0.04 in each category. The dividend payout ratio – adjusted for own holdings – amounted to 46 %.


Development of dividend payouts over the past ten years:

Financial year2016201520142013201220112010200920082007
Dividend per preference share€ 0.53€ 0.49€ 0.44€ 0.42€ 0.40€ 0.40€ 0.33€ 0.00€ 0.37€ 0.42
Dividend per ordinary share€ 0.48€ 0.44€ 0.39€ 0.37€ 0.35€ 0.35€ 0.15€ 0.00€ 0.32€ 0.37