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Software AG
Notice of Dividend Amount • Mar 15, 2018
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Notice of Dividend Amount
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Corporate | 15 March 2018 18:07
Software AG intends to pay record dividend
DGAP-News: Software AG / Key word(s): Dividend
15.03.2018 / 18:07
The issuer is solely responsible for the content of this announcement.
Software AG intends to pay record dividend
– Dividend set to increase to EUR0.65 (PY: EUR0.60) per share
– Total payout more than EUR48.0 million
Darmstadt, Germany, March 15, 2018 – Software AG’s (TecDAX, ISIN DE000A2GS401 / SOW) Management Board and Supervisory Board will propose once again a dividend increase to the Annual General Meeting on May 30, 2018, reaching a record high with a dividend proposal of EUR0.65 per share (PY: EUR0.60) for fiscal 2017.
After several dividend increases over the past years, Software AG’s Management and Supervisory Board have decided today to increase the dividend proposal for fiscal 2017 again. A record dividend in the amount of EUR0.65 per share (PY: EUR0.60) will be proposed to the Annual General Meeting which will take place in Darmstadt, Germany on May 30, 2018.
Based on the current approximate 74.0 million shares (PY: 76.1 million) entitled to a dividend payment, the total payout would increase to EUR48.1 million (PY: EUR45.6 million). The payout ratio as measured by the average from net income and free cash flow would increase significantly to 32 percent (PY: 28%). Software AG consistently generates high free cash flow results which are either used for financing growth by acquisitions or distributed to shareholders by means of dividends or share buy-back programs.
Software AG’ shareholders highly participate in the successful development of the company. Through the proposed again higher dividend payment, Software AG’s Management signals a strong commitment to the value oriented shareholder policy.
Contact:
| Otmar F. Winzig [email protected] Senior Vice President Investor Relations Tel: +49 (0) 6151 92-1669 |
Frederic Freichel [email protected] Junior Manager Investor Relations Tel: +49(0) 6151 92-1106 |
15.03.2018 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: | Software AG |
| Uhlandstraße 12 | |
| 64297 Darmstadt | |
| Germany | |
| Phone: | +49 (0)6151 92-1900 |
| Fax: | +49 (0)6151 92-34 1899 |
| E-mail: | [email protected] |
| Internet: | www.softwareag.com |
| ISIN: | DE000A2GS401 |
| WKN: | A2GS40 |
| Indices: | TecDAX |
| Listed: | Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover, Munich, Stuttgart, Tradegate Exchange |
| End of News | DGAP News Service |