TAKKT AG: Change of the dividends policy and dividend proposal for the 2015 financial year
The Management Board of TAKKT AG has decided today to put forward a proposal to the Supervisory Board to change the dividend policy to a future payout ratio in a corridor of between 35 and 45 percent of the profit for the period. The dividend corridor would replace the existing dividend policy in its entirety. TAKKT had generally paid out 30 percent of the profit for the period as an ordinary dividend but not less than the
ordinary dividend of the previous year. The existing provision also included the distribution of an additional special dividend if the total equity ratio reached or exceeded the upper end of TAKKT’s own target corridor of 30 to 60 percent.
With the change in the dividend policy TAKKT strives for a dividend stream that is as consistent and reliable as possible and also intends the shareholders to participate in a greater degree in the company’s success.
As a consequence of the proposed change of the dividend policy, the Management Board of TAKKT AG also resolved – subject to the approval of the Supervisory Board – to propose to the Shareholders’ Meeting on May 10, 2016 a dividend payout of EUR 0.50 per share for the 2015 financial year. This corresponds to a payout ratio of 40 percent of the profits for the period. In the previous year, a dividend of EUR 0.23 per share was distributed.