Deutsche Telekom's Board of Management plans to propose to the Annual General Meeting a dividend of 0.64 euros per share for 2021. This proposal is subject to approval by the Supervisory Board. Deutsche Telekom paid a dividend of 0.60 euros per share for the financial year 2020.
The dividend of 0.64 euros per share now planned by the Board of Management is consistent with the Company's dividend policy. At the Capital Markets Day 2021, Deutsche Telekom presented the planned dividend policy for the years 2021 to 2024.
The dividend is to be based on adjusted earnings per share. Deutsche Telekom plans to increase this figure from 1.20 euros in the 2020 financial year to more than 1.75 euros by 2024. Subject to the necessary board resolutions, a dividend of 40 to 60 percent of earnings per share is to be distributed to shareholders. The minimum for the dividend is set at 0.60 euros per share. Deutsche Telekom raised the minimum dividend to this level in November 2019.
The planned total dividend payout for 2021 is therefore 3.19 billion euros, compared with a payout of 2.85 billion euros for the financial year 2020.
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