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Deutsche Beteiligungs AG: Board of Management proposes dividend of 1.60 euros per share

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Deutsche Beteiligungs AG / Key word(s): Dividend
Deutsche Beteiligungs AG: Board of Management proposes dividend of 1.60 euros per share

18-Nov-2021 / 14:06 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.

Disclosure of inside information pursuant to Article 17 (1)
of Regulation (EU) 596/2014 on Market Abuse

Deutsche Beteiligungs AG (ISIN: DE000A1TNUT7 / German Securities ID: A1TNUT): Board of Management proposes dividend of 1.60 euros per share


The Board of Management of Deutsche Beteiligungs AG (DBAG) today resolved to propose to DBAG's Supervisory Board - based on the preliminary, as yet unaudited financial statements - to distribute a dividend of 1.60 euros per share for the financial year 2020/2021 (2019/2021: 0.80 euros). The dividend amount now to be proposed significantly exceeds the Company's forecast of an expected dividend for the financial year 2020/2021 amounting to between 1.00 and 1.20 euros a share.

The proposal for appropriation of profits is planned to be submitted to the Annual General Meeting, for the passing of a resolution on the appropriation of net retained profit, once DBAG's audited financial statements have been confirmed. Subject to approval by the Supervisory Board in its meeting to discuss the financial statements on 1 December 2021, and shareholder approval at the Ordinary Annual General Meeting on 17 February 2022, the dividend of 1.60 per share now proposed translates into a dividend yield of 4.5 per cent, based on the average Xetra share price during the financial year 2020/2021.

The Company intends to publish the full, audited financial statements and consolidated financial statements for 2020/2021 on 2 December 2021.

The Board of Management
Frankfurt/Main, 18 November 2021

Reporting person: Roland Rapelius, Head of Investor Relations




Contact:
Roland Rapelius
Head of Investor Relations
E-Mail: roland.rapelius@dbag.de
Phone: +49 69 95787 365

18-Nov-2021 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.dgap.de

Language:

English

Company:

Deutsche Beteiligungs AG

Börsenstrasse 1

60313 Frankfurt am Main

Germany

Phone:

+49 69 957 87-01

Fax:

+49 69 957 87-199

E-mail:

welcome@dbag.de

Internet:

www.dbag.de

ISIN:

DE000A1TNUT7

WKN:

A1TNUT

Listed:

Regulated Market in Dusseldorf, Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Hamburg, Hanover, Munich, Stuttgart, Tradegate Exchange

EQS News ID:

1250270


 

End of Announcement

DGAP News Service

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