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SAP Executive Board Recommends Increased Dividend After Record Year Including Special Dividend
Feb 23, 2012 (04:02 PM EST)
WALLDORF, Germany, Feb. 23, 2012 /PRNewswire/ -- Today, the Executive Board of SAP AG (NYSE: SAP) has prepared the 2011 consolidated financial statements and will recommend to the SAP Supervisory Board to propose at the Annual General Meeting of Shareholders to increase the dividend by 83% from euro 0.60 to euro 1.10 per share for the fiscal year 2011. This includes a special dividend of euro 0.35 per share to celebrate SAP's 40th anniversary. If the SAP Supervisory Board and the shareholders at the Annual General Meeting of Shareholders approve this recommendation, the total amount distributed in dividends would be euro 1.3 billion (2010: euro 713 million). The dividend payout ratio would be 38% (2010: 39%).
"We believe SAP's best year ever should also be our shareholders' best year ever," said Bill McDermott and Jim Hagemann Snabe, co-CEOs of SAP. "The proposed dividend will allow our shareholders to participate in our success."
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SOURCE SAP AG