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.

Based on the company’s business performance in 2018, the Management Board and the Supervisory Board will propose to the General Meeting of Shareholders on 29 March 2019 the payment of a dividend of € 0.60 per preference share and € 0.55 per ordinary share, an increase of € 0.03 on the previous year in each case. This represents a Group distribution ratio of 45 % excluding treasury shares.

 


Development of dividend payouts over the past ten years:

Financial year2017201620152014201320122011201020092008
Dividend per preference share€ 0.57€ 0.53€ 0.49€ 0.44€ 0.42€ 0.40€ 0.40€ 0.33€ 0.00€ 0.37
Dividend per ordinary share€ 0.52€ 0.48€ 0.44€ 0.39€ 0.37€ 0.35€ 0.35€ 0.15€ 0.00€ 0.32