DGAP-Adhoc: Continental AG: Executive Board Recommends Suspension of Dividend for Fiscal 2020

2021. február 19., péntek, 18:34





DGAP-Ad-hoc: Continental AG / Key word(s): Dividend


Continental AG: Executive Board Recommends Suspension of Dividend for Fiscal 2020


19-Feb-2021 / 18:34 CET/CEST


Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by DGAP - a service of EQS Group AG.


The issuer is solely responsible for the content of this announcement.



In the course of the preparation of the annual financial statements for 2020 and the resulting negative net income attributable to the shareholders of the parent, the Executive Board of Continental AG has decided today to propose a suspension of the dividend for fiscal 2020 to the Annual Shareholder Meeting on April 29, 2021. The Company remains committed to its targeted mid-term dividend payout ratio of 15 to 30 percent of the net income attributable to the shareholders of the parent.

The meeting for the adoption of the financial statements for fiscal 2020 by the Supervisory Board is planned in March 2021. The preliminary financial figures for fiscal year 2020 will be released on March 9, 2021.


Contact:

Person making the notification: Bernard Wang, Head of IR







19-Feb-2021 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
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Language: English
Company: Continental AG

Vahrenwalder Straße 9

30165 Hannover

Germany
Phone: +49 (0)511 938-1068
Fax: +49 (0)511 938-1080
E-mail: ir@conti.de
Internet: www.continental-corporation.com/de
ISIN: DE0005439004
WKN: 543900
Indices: DAX
Listed: Regulated Market in Frankfurt (Prime Standard), Hamburg, Hanover, Stuttgart; Regulated Unofficial Market in Berlin, Dusseldorf, Munich, Tradegate Exchange; Luxembourg Stock Exchange, SIX
EQS News ID: 1169830





 
End of Announcement DGAP News Service



1169830  19-Feb-2021 CET/CEST







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