15.03.2018
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DGAP-News: Software AG intends to pay record dividend
DGAP-News: Software AG / Key word(s): Dividend
Software AG intends to pay record dividend
15.03.2018 / 18:07
The issuer is solely responsible for the content of this announcement.
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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 Frederic Freichel
[1][email protected] [1][email protected]
Senior Vice President Investor Junior Manager Investor Relations
Relations Tel: +49 (0) 6151 Tel: +49(0) 6151 92-1106 1.
92-1669 1. mailto:frederic.freichel@softwareag
mailto:[email protected] .com
om
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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
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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
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664779 15.03.2018
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