DGAP-Adhoc: TAKKT AG: Management Board proposes dividend of one euro per share for the 2019 financial year
DGAP-Ad-hoc: TAKKT AG / Key word(s): Dividend
TAKKT AG: Management Board proposes dividend of one euro per share for the 2019 financial year
18-Feb-2020 / 17:07 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
The Management Board of TAKKT AG decided to propose a dividend of one euro per share for the 2019 financial year. This consists of a base dividend of EUR 0.55 and a special dividend of EUR 0.45. TAKKT's dividend policy provides for a base dividend of 35 to 45 percent of the profit for the period. At the same time, the base dividend should not be lower than in the previous year. In the event of a very high equity ratio, payment of a special dividend is also possible. In the previous year, TAKKT distributed a base dividend of EUR 0.55 and a special dividend of EUR 0.30.
The cash flow strength of the business model and the high equity ratio of 58.5 percent at the end of 2019 allow a higher payout without restricting the solidity of the balance sheet and the ability of TAKKT to act on acquisitions. The Supervisory Board and Management Board will discuss the dividend for 2019 at the annual accounts meeting on March 25.
Contact:
Dr. Christian Warns
Director Corporate Finance/Investor Relations
Presselstr. 12
70191 Stuttgart
Germany
+49 711 3465 8222
The cash flow strength of the business model and the high equity ratio of 58.5 percent at the end of 2019 allow a higher payout without restricting the solidity of the balance sheet and the ability of TAKKT to act on acquisitions. The Supervisory Board and Management Board will discuss the dividend for 2019 at the annual accounts meeting on March 25.
Contact:
Dr. Christian Warns
Director Corporate Finance/Investor Relations
Presselstr. 12
70191 Stuttgart
Germany
+49 711 3465 8222
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