Brief: Stabilus Proposes Dividend Of EUR 1.75 Per Share For FY 2022

Stabilus SE

01/12/2022 17:24

Dec 1 (Reuters) - STABILUS SE  STM1.DE :
    * MANAGEMENT BOARD PROPOSES DIVIDEND OF €1.75 PER SHARE FOR
FISCAL
YEAR 2022
    * MANAGEMENT BOARD OF STABILUS RESOLVED TO PROPOSE TO
SUPERVISORY
BOARD DISTRIBUTION OF A DIVIDEND FOR FISCAL YEAR 2022 IN AMOUNT
OF EUR 1.75 PER SHARE
    * PROPOSED DIVIDEND FOR FY2022 WOULD THUS BE CONSIDERABLY
HIGHER
THAN CURRENT MARKET EXPECTATION
    * SUBJECT TO APPROVAL BY SUPERVISORY BOARD AT ITS ANNUAL
ACCOUNTS
MEETING ON DECEMBER 8, 2022 AND BY SHAREHOLDERS AT ANNUAL
GENERAL MEETING ON FEBRUARY 15, 2022, TOTAL DIVIDEND PAYOUT
WOULD AMOUNT TO EUR 43.2 MILLION (PRIOR YEAR: EUR 30.9 MILLION)
    * IN RELATION TO CONSOLIDATED NET INCOME ATTRIBUTABLE TO
SHAREHOLDERS, PAY-OUT RATIO WOULD BE APPROXIMATELY 42%, ABOVE
STABILUS SE'S TARGETED PAYOUT RATIO OF 20% TO 40% OF
CONSOLIDATED NET INCOME

Source text for Eikon:  ID:nEQ3vNWkYa 
Further company coverage:  STM1.DE 
 (Gdansk Newsroom)
 ((gdansk.newsroom@thomsonreuters.com; +48 58 769 66 00;))