Deutsche Beteiligungs AG: Dividend proposal 1.20 euros per share
Frankfurt am Main, 27 October 2016. The Board of Management and the Supervisory Board of Deutsche Beteiligungs AG announced that, at the Annual Meeting of Shareholders, they will recommend paying a dividend of 1.20 euros per share. A resolution on that proposal was passed today. In the preceding year, the dividend was 1.00 euro per share.
DBAG further developed its dividend policy this past financial year. The distribution to shareholders will no longer be divided between a base and a surplus dividend that is linked to particularly profitable divestments. To provide greater consistency in dividend payments and to facilitate market expectations, the dividend recommendation will consist of a single dividend, which will be stable and will increase whenever possible. The aim is to continue to achieve an attractive dividend yield, both in general terms and compared to other private equity firms.
As reported on 17 October 2016, net income (IFRS) of Deutsche Beteiligungs AG for the 2015/2016 financial year (1 October to 30 September) will range between 48 and 52 million euros, based on unaudited preliminary results. The complete annual consolidated financial statements will be issued on 15 December 2016.