Ad-hoc | 9 December 2021 15:17
Stabilus S.A.: Management Board and Supervisory Board propose dividend of €1.25 per share for fiscal year 2021
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Stabilus S.A. / Key word(s): Dividend
Stabilus S.A.: Management Board and Supervisory Board propose dividend of €1.25 per share for fiscal year 2021 Luxembourg/Koblenz, December 9, 2021 – The Management Board and the Supervisory Board of Stabilus S.A. (ISIN: LU1066226637) today resolved to propose to the Annual General Meeting on February 16, 2022, the distribution of a dividend for fiscal year 2021 in the amount of €1.25 per share (dividend paid out for FY2020: €0.50 per share). The proposed dividend for FY2021 would thus be above the current market expectation and above the dividend level before the outbreak of the COVID-19 pandemic, when a dividend of €1.10 per share was paid for fiscal year 2019. The total proposed dividend payout amounts to €30.9 million. In relation to the consolidated net income attributable to shareholders, the payout ratio would be approximately 42%, slightly above the Stabilus S.A.’s targeted payout ratio of 20% to 40% of consolidated net income.
# End of ad hoc announcement #
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09-Dec-2021 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
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| Language: | English |
| Company: | Stabilus S.A. |
| 2, rue Albert Borschette | |
| L-1246 Luxembourg | |
| Luxemburg | |
| Phone: | +352 286 770 1 |
| Fax: | +352 286 770 99 |
| E-mail: | info.lu@stabilus.com |
| Internet: | www.stabilus.com |
| ISIN: | LU1066226637 |
| WKN: | A113Q5 |
| Indices: | SDAX |
| Listed: | Regulated Market in Frankfurt; Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover, Munich, Stuttgart, Tradegate Exchange |
| EQS News ID: | 1256153 |
| End of Announcement | DGAP News Service |