METRO AG Management Board intends to propose a higher dividend for financial year 2014/15 compared to the previous financial year. Thus the dividend per ordinary share shall increase by €0.10 to €1.00. At the same time the spread of the payout ratio of so far around 40 to 50 percent will be increased to around 45 to 55 percent due to the improved overall economic situation of METRO GROUP.
"The positive and sustained progress regarding our transformation as well as the significantly improved net debt mark a milestone of METRO GROUP´s development. Therefore we can offer our shareholders an even more attractive dividend payout ratio", says Olaf Koch, Chairman of the Management Board of METRO AG. "METRO Cash & Carry has achieved already nine quarters with like-for-like sales growth and Media-Saturn five. Moreover, we have improved our results quality and through our strengthened balance sheet we can further invest in future growth."
Management Board intends to propose to the annual general meeting a payout of a dividend of €1.00 per ordinary share and €1.06 per preference share for financial year 2014/15. This would mean a ratio of 52.4 percent. The basis of the assessment of the payout ratio is the earnings per share before special items. The annual general meeting decides upon the dividend.