Corporate | 17 March 2014 13:37
DGAP-News: Software AG / Key word(s): Payout/Dividend
17.03.2014 / 13:37
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Darmstadt, Germany, March 17, 2014 - Software AG's (FRA: SOW) Executive
Board and Supervisory Board will propose at the Annual General Meeting on
May 16, 2014 a dividend payment of EUR0.46 per share (prev. year EUR0.46)
for fiscal year 2013. On the current basis of 78.9 million shares (prev.
year 83.0 million) entitled to a dividend, the total payout would be around
EUR36.3 million (prev. year EUR38.2 million). The payout ratio based on
the average of free cash flow and group net income would increase to 25
percent (prev. year 23 percent).
Software AG's strategy has been strongly focused on growth in the Business
Process Excellence (BPE) business line since 2012. As a consequence, the
company heavily invested in new products and the expansion of its sales
teams. Additionally, the shareholders profited from the company's share
buyback program: Since February 2013, Software AG purchased 9.3 percent of
its own shares for a total of EUR175.8 million. The Executive Board and
the Supervisory Board want, however, to maintain continuity in its dividend
payout and therefore recommend a dividend at the previous year's level.
Software AG's dividend policy is related to the long-term development of
the company. The dividend is based on reported net income and free cash
flow on one hand and the necessary financial requirements for further
growth on the other. Software AG's goal for the use of cash flow is not
only to invest into growth, but also to share profitability with its
shareholders through a stable dividend.
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About Software AG
Software AG (Frankfurt TecDAX: SOW) helps organizations achieve their
business objectives faster. The company's big data, integration and
business process technologies enable customers to drive operational
efficiency, modernize their systems and optimize processes for smarter
decisions and better service. Building on over 40 years of customer-centric
innovation, the company is ranked as a "leader" in fourteen market
categories, fueled by core product families Adabas-Natural, ARIS, Alfabet,
Apama, Terracotta and webMethods. Software AG has more than 5,200 employees
in 70 countries and had revenues of around EUR973 million (IFRS, unaudited)
in 2013.
Software AG - Get There Faster
Software AG | Uhlandstraße 12 | 64297 Darmstadt | Germany
Detailed press information about Software AG including a picture and
multimedia database are available under: www.softwareag.com/press
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Software AG Germany | Software AG North America
Contact:
Software AG
Byung-Hun Park < byung-hun.park@softwareag.com>
Senior Manager Financial Communications
Uhlandstr. 12
64297 Darmstadt
Phone: +49(0)6151 92 2070
Fax: +49(0)6151 92 34 2070
Barbara Kögler < barbara.koegler@softwareag.com>
Senior Vice President Corporate Communications
Uhlandstr. 12
64297 Darmstadt
Phone: +49(0)6151 92 1574
Fax: +49(0)6151 92 34 1574
End of Corporate News
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17.03.2014 Dissemination of a Corporate News, transmitted by DGAP - a
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Language: English
Company: Software AG
Uhlandstraße 12
64297 Darmstadt
Germany
Phone: +49 (0)6151 92-1900
Fax: +49 (0)6151 92-34 1899
E-mail: Investor.Relations@softwareag.com
Internet: www.softwareag.com
ISIN: DE0003304002
WKN: 330400
Indices: TecDAX
Listed: Regulierter Markt in Frankfurt (Prime Standard);
Freiverkehr in Berlin, Düsseldorf, Hamburg, München,
Stuttgart
End of News DGAP News-Service
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