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TTL Beteiligungs- und Grundbesitz-AG
Notice of Dividend Amount • Jan 9, 2019
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Notice of Dividend Amount
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Corporate | 9 January 2019 10:40
TTL Beteiligungs- und Grundbesitz-AG shareholders to benefit from strong 2018 annual results and increased dividend proposal
DGAP-News: TTL Beteiligungs- und Grundbesitz-AG / Key word(s): Dividend
09.01.2019 / 10:40
The issuer is solely responsible for the content of this announcement.
**Munich, 9 January 2019
TTL Beteiligungs- und Grundbesitz-AG shareholders to benefit from strong 2018 annual results and increased dividend proposal**
- Record purchase volumes of TTL Group investments and significant increase in assets under management in 2018
- High cash generation through dividends from associated companies
- Increase of the dividend proposal for the 2018 financial year by 20 percent from EUR 0.10 by EUR 0.02 to EUR 0.12 per share
TTL Beteiligungs- und Grundbesitz-AG (TTL AG) (ISIN DE0007501009) looks back on a very successful 2018 financial year. The investment strategy is paying off: In the fourth quarter of 2018, TTL AG generated more than EUR 1.8 million in cash and benefited from substantial earnings contributions from its investments.
In order to allow shareholders to participate in the dynamic development, the Management Board and Supervisory Board of TTL AG plan to increase the dividend from the previously planned EUR 0.10 per share to a total of EUR 0.12 per share.
“We have shown that TTL AG is on the right track with its investment approach. Our shareholders also benefit from this. For the current year, we expect further increases in dividends from our existing investments and are also working on expanding our investment portfolio,” explains Theo Reichert, CEO of TTL AG.
On the investment side, investments led to record purchase volumes. As a result, the GEG German Estate Group now has assets under management (AuM) of more than EUR 3 billion. At the same time, DIC Asset AG recorded an increase in AuM to EUR 5.1 billion due to a new record purchase volume of EUR 510 million.
Up-to-date information on the GEG German Estate Group can be found at https://www.geg.de/en/press.html and on DIC Asset AG at https://www.dic-asset.de/engl/news/index.php.
Media and Investor Relations contact
Annette Kohler-Kruse
Instinctif Partners
Tel. +49 89 3090 5189-21
09.01.2019 Dissemination of a Corporate News, transmitted by DGAP – a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.dgap.de
| Language: | English |
| Company: | TTL Beteiligungs- und Grundbesitz-AG |
| Theresienhöhe 28 | |
| 80339 München | |
| Germany | |
| Phone: | +49 (0)89 381611-0 |
| Fax: | +49 (0)89 3915-92 |
| E-mail: | [email protected] |
| Internet: | www.ttl-ag.de |
| ISIN: | DE0007501009 |
| WKN: | 750100 |
| Listed: | Regulated Market in Frankfurt (General Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Munich, Stuttgart, Tradegate Exchange |
| End of News | DGAP News Service |