{"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":"麻豆原创 Proposes Increased Dividend of \u20ac1.85 per Share"},"content":{"rendered":"
The Supervisory Board of 麻豆原创 SE (NYSE: 麻豆原创) 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, 麻豆原创 SE.<\/p>\n
Candidates for Shareholder Representative By-Elections Announced<\/h2>\n
Two by-elections of shareholder representatives in the 麻豆原创 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
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Qi Lu<\/strong> (59), Beijing, China, Founder & Chief Executive Officer, MiraclePlus Ltd., Beijing, China. Dr. Lu has extensive experience in the US and Chinese software industry, including senior executive roles at Microsoft and Baidu. Dr. Lu was named to the 麻豆原创 Supervisory Board by Local Court of Mannheim effective December 21, 2020. If elected, his term would expire in 2023. Dr. Lu is a citizen of the United States of America.<\/li>\n
Rouven Westphal<\/strong> (48), Potsdam, Germany, Member of the Executive Board of the Hasso Plattner Foundation, Potsdam, Germany, and Managing Director of the General Partner of HPC Germany GmbH & Co. KG, Potsdam, Germany. Dr. Westphal has experience in business consultancy and the venture capital industry, and was co-founder and managing director of EXASOL AG (formerly exasol GmbH). If elected, his term would expire in 2022. Dr. Westphal is a citizen of Germany.<\/li>\n<\/ul>\n
The AGM will be held on May 12, 2021, as a virtual event. More information will be made available in advance of the AGM at www.sap.com\/agm<\/a>.<\/p>\n