Software AG to pay stable dividend
Darmstadt, Germany – The Management Board and the Supervisory Board of Software AG (Frankfurt MDAX®: SOW) today decided to propose a stable dividend of €0.76 to the Annual Shareholders' Meeting. This means that the dividend will remain at the record level achieved last year. Subject to shareholders’ approval, this will increase the dividend ratio based on averaged free cash flow and Group net income to 61.3 percent (2019: 37.4 percent). This increase in dividend ratio is influenced by the technical effect of the Group’s current shift towards recurring revenues from subscription and Software as a Service, an effect considered by management to be temporary and which does not diminish the fundamental robustness and value orientation of the Company.
“With the strength of our business model and the progress we’ve made in executing our Helix strategy, we’re pleased to be able to propose a stable dividend and reward our shareholders for their ongoing support of our transformation," CEO Sanjay Brahmawar said.
“The financial strength of our company permits us to invest equally in future growth and to allow our shareholders to participate in the Company's success. We have full confidence in our growth strategy and are pleased to maintain the dividend disbursement at a very attractive level,“ CFO Dr. Matthias Heiden said.
Based on the approximately 74.0 million dividend-bearing shares, the total disbursement sum remains unchanged at €56.2 million. In relation to the 2020 year-end closing price (Xetra closing price on Dec. 30, 2020: €33.34), this proposal corresponds to a dividend yield of 2.28 percent (2019: 2.44 percent).
Annual Shareholders‘ Meeting
Software AG's Annual Shareholders‘ Meeting will be held as a virtual event on May 12, 2021.
About Software AG
We continue to think about integration, initiate business transformation, and enable rapid innovation for the Internet of Things, enabling companies to stand out from their competitors with business models. We give them the freedom to connect and integrate any technology, from the app to the edge. We open data silos and make data divisible, usable, and valuable, so our customers can make the best decisions and unlock new growth opportunities..
Software AG | Uhlandstraße 12 | 64297 Darmstadt | Germany
Detailed press information about Software AG including a picture and multimedia database are available under: www.softwareag.com/press
Learn more about Software AG at www.softwareag.com. And follow us on LinkedIn and Twitter.
Contact:
Otmar F. Winzig
Head of Investor Relations
Otmar.Winzig@softwareag.com
T.: +49 6151 92 1669
Dr. Astrid Kasper
Head of Corporate Communications
Astrid.Kasper@softwareag.com
T: +49 6151 92 1502
Dorothee Tschampa
Senior Manager Financial Communications
E: Dorothee.Tschampa@softwareag.com
T: +49 6151 92 1575
