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| Name | Symbol | Market | Type |
|---|---|---|---|
| SAP SE | NYSE:SAP | NYSE | Depository Receipt |
| Price Change | % Change | Price | High Price | Low Price | Open Price | Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|
| 2.81 | 1.56% | 183.45 | 184.26 | 182.83 | 183.70 | 377,178 | 01:00:00 |
From May 2019 to May 2024
By Giulia Petroni
SAP SE said Thursday that it will propose a dividend raise for 2020 on the back of strong IFRS profit and cash flow in the year.
The German software company said the supervisory board will recommend a dividend of 1.85 euros ($2.25) a share for 2020, a 17% increase on year.
If approved by shareholders, the total dividend distributed will be around EUR2.18 billion, equal to a payout ratio of 41%.
"Despite being faced with unique challenges in 2020, we delivered strong IFRS profit and a record year for cash flow," the company said.
SAP also said it extended the contract of chief technology officer and executive board member Juergen Mueller for three years, through the end of 2024.
The company's annual general meeting is scheduled for May 12.
Write to Giulia Petroni at giulia.petroni@wsj.com
(END) Dow Jones Newswires
February 25, 2021 01:37 ET (06:37 GMT)
Copyright (c) 2021 Dow Jones & Company, Inc.
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