- High reliability: The dividend for the fiscal year 2021 was 64 Cent per share and was paid out in May 2022.
- Dividend growth: The growth of our dividend will based on the adjusted earnings per share (EPS) with a payout ratio of 40 to 60 percent. In 2021, the EPS was 1.22 € and will increase to more than 1.75 € in 2024.
- Tax-free payout: The dividend for the 2022 financial year will be paid out without deduction of the German capital gains tax. As the dividend is to be paid in full from the tax contribution account in accordance with § 27 of the Corporation Tax Act (Körperschaftsteuergesetz– KStG), payment will be made without deducting capital gains tax or the solidarity surcharge. Dividends paid to shareholders in Germany are not subject to taxation. Dividends do not entail tax refunds or tax credits. In the German tax authorities’ view the dividend payment reduces the acquisition costs of the shares for tax purposes. Out of today’s perspective the dividend payment from the tax contribution account in accordance with § 27 will continue over the next years.
Analysts + Target Prices
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