DGAP-News Schaeffler AG: Schaeffler AGM adopts dividend of 25 eurocents per common non-voting share
DGAP-News: Schaeffler AG / Key word(s): AGM/EGM
- Good start to 2021 financial year
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Herzogenaurach | April 23, 2021 | The Annual General Meeting of Schaeffler AG, held virtually for the second year running, voted in favor of paying a dividend of 25 eurocents per common non-voting share, as compared with 45 eurocents in the prior year. That corresponds to a payout ratio of about 50 percent (as compared with about 43 percent in the prior year) of net income attributable to shareholders of the parent company before special items. As such, it is at the top end of the 30-50 percent range envisaged by the company's dividend policy.
"Last year was shaped by major uncertainties that are still ongoing," said Klaus Rosenfeld, CEO of Schaeffler AG. "But our position as a global automotive and industrial supplier has served us well in these challenging times and has helped us weather the crisis. We are paying a dividend of 25 eurocents. That is firmly in keeping with our dividend policy and sends a positive signal to our shareholders."
Good start to 2021 financial year
Regarding business performance in the first few months of this year, Klaus Rosenfeld noted that the Schaeffler Group had made a good start to 2021 despite the continued challenging environment. He referred to the preliminary key figures for the first quarter of the year, which Schaeffler released on April 19. The release was necessary because the figures were well above the prior year and the company's own previous expectations.