STRATEC Biomedical AG / Key word(s): Dividend
STRATEC proposes further dividend increase
Birkenfeld, April 9, 2015
The Supervisory Board of STRATEC Biomedical AG (Frankfurt: SBS; Prime Standard, TecDAX) at its meeting held to adopt the financial statements on April 8, 2015 approved the recommendation submitted by the Board of Management to propose the payment of a dividend of EUR 0.70 per share for the 2014 financial year for approval by the Annual General Meeting on May 22, 2015 (distribution in 2014 for the 2013 financial year: EUR 0.60). Based on the current total of 11,783,222 shares with dividend entitlement, this would correspond to a 16.9% increase in the distribution total to EUR 8.2 million (previous year: EUR 7.1 million). Shareholders can thus expect to benefit from a dividend increase for the eleventh year in succession.
The increased dividend proposal is based on the Group's earnings and cash flow performance in 2014 and its promising future prospects. Subject to approval by shareholders at the Annual General Meeting on May 22, 2015, the STRATEC Group will thus maintain its continuity-based dividend policy, involving a distribution quota of 40% to 60% of consolidated net income. STRATEC will continue to focus on external and internal growth opportunities, which may result in temporary deviations from this distribution quota. These opportunities may take the form of acquisitions or potential up-front financing for major projects.
As already announced, STRATEC will publish its audited group figures for the 2014 financial year on Tuesday, April 14, 2015.
Further information can be obtained from:
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|Company:||STRATEC Biomedical AG|
|Phone:||+49 (0)7082 7916 0|
|Fax:||+49 (0)7082 7916 999|
|Listed:||Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Munich, Stuttgart|
|End of News||DGAP News-Service|