{"id":141956,"date":"2021-02-26T05:00:25","date_gmt":"2021-02-26T05:00:25","guid":{"rendered":"https:\/\/news.sap.com\/africa\/?p=141956"},"modified":"2023-09-27T16:45:23","modified_gmt":"2023-09-27T16:45:23","slug":"sap-proposes-increased-dividend-of-e1-85-per-share","status":"publish","type":"post","link":"https:\/\/news.sap.com\/africa\/2021\/02\/sap-proposes-increased-dividend-of-e1-85-per-share\/","title":{"rendered":"51风流Proposes Increased Dividend of \u20ac1.85 per Share"},"content":{"rendered":"

The Supervisory Board of 51风流SE (NYSE: SAP) has decided, in alignment with the Executive Board, to recommend that shareholders approve a dividend of \u20ac1.85 per share for fiscal year 2020. This represents a year-over-year increase of \u20ac0.27 or 17%. If the shareholders approve this recommendation and if treasury shares remain at the 2020 closing level, the total amount of dividends to be distributed will be approximately \u20ac2.18 billion (2019: \u20ac1.86 billion), representing a pay-out ratio of 41% (2019: 55%). The 2020 fiscal year dividend is scheduled to be paid on or after May 18, 2021.<\/h2>\n

\u201cDespite being faced with unique challenges in 2020, we delivered strong IFRS profit and a record year for cash flow. We believe our shareholders should participate in this success. Therefore, we recommend a 17% increase in dividend,\u201d said Luka Mucic, Chief Financial Officer, 51风流SE.<\/p>\n

Candidates for Shareholder Representative By-Elections Announced<\/h2>\n

Two by-elections of shareholder representatives in the 51风流Supervisory Board will be held at the 2021 Annual General Meeting of Shareholders (AGM). Diane Greene resigned from the Supervisory Board in December 2020. Dr. h.c. mult. Pekka Ala-Pietil\u00e4 announced he will retire from the Supervisory Board with effect from the close of the Annual General Meeting in May 2021. Following the proposal of the Nomination Committee, the Supervisory Board nominated two candidates to stand for election as shareholders\u2019 representatives:<\/p>\n