SAP Annual General Meeting of Shareholders approves dividend of €0.85 per share
WALLDORF, Germany - The vast majority of the Annual General Meeting of Shareholders of SAP AG (NYSE: SAP) today has agreed to all resolution items of the meeting’s agenda.
In addition to the regular dividend of €0.75 per share, SAP had in 2012 paid a special dividend of €0.35 per share to celebrate SAP’s 40th anniversary. (The total amount distributed in dividends for 2011 was around €1.3 billion, which corresponds to a dividend payout ratio of 26% excluding the special dividend and 38% including the special dividend). For 2012, the dividend payout of €0.85 per share represents an increase of €0.10 or 13% compared to last year’s regular dividend of €0.75.
The shareholders have formally approved the acts of the Executive Board and the Supervisory Board in fiscal year 2012, and have authorized the Executive Board to buy back shares as in the past. Thus, SAP can buy back up to 120 million shares until 2018.
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