The Executive Board and the Supervisory Board of SAP SE recommend that shareholders approve a dividend of Ã¢â€šÂ¬1.15 per share for the fiscal year 2015 at the Annual General Meeting of Shareholders. This represents a year-over-year increase of Ã¢â€šÂ¬0.05, or 5% compared to last year’s dividend of Ã¢â€šÂ¬1.10.
If the shareholders approve this recommendation, the total amount of dividends to be distributed will be approximately Ã¢â€šÂ¬1.4 billion (2014: Ã¢â€šÂ¬1.3 billion), representing a pay-out ratio of 45% (2014: 40%).
SAP aims to continue its policy to pay a dividend totaling more than 35% of profit after tax in the future.
“Our successful corporate strategy was validated once again by strong performance in 2015 and we want our shareholders to participate in this success. Therefore, we have recommended increasing the dividend by 5%,” said Luka Mucic, CFO at SAP.
“We have transformed our company to align with our objectives and customers are responding positively to our innovations across our on-premise, cloud, and business network offerings as we help them transform and compete in the digital economy.”
The Annual General Meeting of Shareholders is scheduled for May 12, 2016 in Mannheim, Germany. The 2015 fiscal year dividend is scheduled to be paid on or after May 13, 2016.
Note to holders of SAP ADRs (American Depositary Receipts): One SAP ADR represents one SAP SE share. The final dividend amount per ADR is dependent upon the euro/US dollar exchange rate. Since SAP SE pays cash dividends on the ordinary shares in euro, the exchange rate fluctuations will affect the US dollar amounts received by holders of ADRs.
The final dividend payment by SAP SE to the depositary bank is scheduled for May 13, 2016. The depositary bank will then convert the dividend payment from euro into US dollars as promptly as practicable.
[signoff predefined=”Enjoy this?” icon=”users”][/signoff]