The Supervisory Board of SAP AG (NYSE: SAP) has decided to follow the recommendation of the Executive Board to propose at the Annual General Meeting of Shareholders a dividend of euro 1.10 per share for the fiscal year 2011. It was announced today, March 22.
This represents an increase of 83% to euro 1.10 compared to last year’s dividend of euro 0.60. The dividend includes a special dividend of euro 0.35 per share to celebrate SAP’s 40th anniversary.
If the Annual General Meeting of Shareholders approves this recommendation, the total amount distributed in dividends would be around euro 1.3 billion (2010: euro 713 million). The dividend payout ratio would be 38% (2010: 39%).
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The Annual General Meeting of Shareholders is scheduled for May 23, 2012 in Mannheim, Germany. The payment of the dividend is scheduled on or after May 24, 2012.
SAP is a leading enterprise application software company.
Photo courtesy: SAP
