The dividend for the fiscal year 2022 was announced to be 0.70 € (approval of the annual general meeting needed), an increase of +9.3% versus the dividend for 2021, which was 0.64 €.
- High reliability: With a payout ratio of between 40 and 60 percent of earnings per share, the sustainability of the dividend is ensured.
- Dividend growth: 40 to 60 of the adjusted earnings per share (EPS) will be payed out as dividend per share. The adjusted EPS is expected to 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.