Proposed dividend again exceeds the strategic payout ratio
The Executive Board and Supervisory Board intend to propose to the Annual General Meeting on 10 May 2016 that a dividend of EUR 3.25 plus a special dividend of EUR 1.50 per share should be distributed. In keeping with the previous year, the special dividend will be paid as a capital management measure because the company’s capitalisation continues to be comfortably in excess of the required capital. Based on the year-end closing price of EUR 105.65, this produces a dividend yield of 4.5%.
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