Notice of Dividend Amount • Mar 9, 2015
Notice of Dividend Amount
Open in ViewerOpens in native device viewer
News Details
Ad-hoc | 9 March 2015 17:17
SOFTWARE AG PROPOSES HIGHER DIVIDEND AND ANNOUNCES INCREASED PAY-OUT RATIO
Software AG / Key word(s): Dividend/Payout
09.03.2015 17:17
Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted
by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
Ad hoc Release
SOFTWARE AG PROPOSES HIGHER DIVIDEND AND ANNOUNCES INCREASED PAY-OUT RATIO
Darmstadt, Germany, March 9, 2015 - Software AG's (FRA: SOW) Executive
Board and Supervisory Board will propose at the Annual General Meeting on
May 13, 2015 a dividend payment of EUR0.50 per share (prev. year: EUR0.46)
for fiscal 2014, an increase of 9 percent.
On the current basis of 78.9 million shares (prev. year 83.0 million)
entitled to a dividend, the total payout would be around EUR39.5 million
(prev. year EUR36.3 million). The payout ratio based on the average of free
cash flow and group net income would increase to 32 percent (prev. year 26
percent). Based on the closing share price in 2014, this proposal is equal
to a dividend yield of about 2.5 percent.
For fiscal 2014 Software AG suggests to increase the dividend per share and
pay tribute to the idea of value orientation. Software AG also decided to
raise its existing pay-out ratio going forward to 25 to 33 percent (from 20
to 25 percent) of the averaged net income and free cash flow. Software AG's
dividend policy is related to the long-term development of the company. The
dividend is based on reported net income and free cash flow on one hand and
the necessary financial requirements for further investments on the other.
Contact:
Software AG Software AG
Robert Adolph Byung-Hun Park
Director Investor Relations Senior Manager Financial Communications
Uhlandstraße 12 Uhlandstraße 12
64297 Darmstadt 64297 Darmstadt
Tel.: +49 (0)6151 92 1237 Tel: +49 (0)6151 92 2070
Mobile: +49 (0)176 15 922 921 Mobile: +49 (0)151 92 64911317
Email: [email protected] Email: [email protected]
09.03.2015 The DGAP Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and 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: DE0003304002
WKN: 330400
Indices: TecDAX
Listed: Regulated Market in Frankfurt (Prime Standard); Regulated
Unofficial Market in Berlin, Dusseldorf, Hamburg, Munich,
Stuttgart
End of Announcement DGAP News-Service
Building tools?
Free accounts include 100 API calls/year for testing.
Have a question? We'll get back to you promptly.