DGAP-Adhoc: Stabilus S.A.: Management Board and Supervisory Board propose dividend of €1.25 per share for fiscal year 2021

2021. december 09., csütörtök, 15:17





DGAP-Ad-hoc: Stabilus S.A. / Key word(s): Dividend


Stabilus S.A.: Management Board and Supervisory Board propose dividend of €1.25 per share for fiscal year 2021


09-Dec-2021 / 15:17 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.




Stabilus S.A.: Management Board and Supervisory Board propose dividend of €1.25 per share for fiscal year 2021



Luxembourg/Koblenz, December 9, 2021 - The Management Board and the Supervisory Board of Stabilus S.A. (ISIN: LU1066226637) today resolved to propose to the Annual General Meeting on February 16, 2022, the distribution of a dividend for fiscal year 2021 in the amount of €1.25 per share (dividend paid out for FY2020: €0.50 per share). The proposed dividend for FY2021 would thus be above the current market expectation and above the dividend level before the outbreak of the COVID-19 pandemic, when a dividend of €1.10 per share was paid for fiscal year 2019.



The total proposed dividend payout amounts to €30.9 million. In relation to the consolidated net income attributable to shareholders, the payout ratio would be approximately 42%, slightly above the Stabilus S.A."s targeted payout ratio of 20% to 40% of consolidated net income.



 



# End of ad hoc announcement #



Investor contact:

Andreas Schröder

Group Financial Reporting Director

Tel.: +352 286 770 21

E-Mail: anschroeder@stabilus.com



Press contact:

Peter Steiner

Charles Barker Corporate Communications

Tel.: +49 69 794090 27

E-Mail: stabilus@charlesbarker.de



 











09-Dec-2021 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
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Language: English
Company: Stabilus S.A.

2, rue Albert Borschette

L-1246 Luxembourg

Luxemburg
Phone: +352 286 770 1
Fax: +352 286 770 99
E-mail: info.lu@stabilus.com
Internet: www.stabilus.com
ISIN: LU1066226637
WKN: A113Q5
Indices: SDAX
Listed: Regulated Market in Frankfurt; Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover, Munich, Stuttgart, Tradegate Exchange
EQS News ID: 1256153





 
End of Announcement DGAP News Service




1256153  09-Dec-2021 CET/CEST







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