Dividend and dividend policy

The Management Board proposes to pay a dividend of € 2.65 per share for 2009 (2008: € 2.64), which corresponds to a payout ratio of 93% (2008: 86%). The increase of the pay out ratio partly reflects the increase in the number of shares. It is proposed that the dividend be paid in cash or shares at the shareholders’ option, within the constraints imposed by the company’s FBI status.

Source: Annual Report 2009, Chapter Overview & Strategy, page 19 (PDF, 13.679 kB)

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