Brief: Xing to hike dividend, pay special dividend

New Work SE

23/02/2017 06:50

Feb 23 (Reuters) - Xing AG  OBCGn.DE  
    * Says executive board proposes an increased regular 
dividend and payment of a special dividend 
    * Says to increase regular dividend by 33 percent from eur 
1.03 per share to eur 1.37 per share 
    * Says to propose to supervisory board an additional special 
dividend distribution of eur 1.60 per share 
    * Says liquid assets of eur 83.0 million as of end of 2016 
and its cash-generative business model enable it to pay out a 
special dividend without compromising its continued growth 
strategy 
    * Says dividend distribution proposal is to be presented to 
annual general meeting for resolution 
 
Source text for Eikon:  ID:nEQ9TgBCJ  
Further company coverage:  OBCGn.DE  
 
 ((frankfurt.newsroom@thomsonreuters.com; +49 69 7565 1270;))