Wincor Nixdorf AG (ticker symbol: WIN) shareholders are to receive a dividend of €2.73 per entitled no-par-value share ("Stückaktie") for the 2006/2007 fiscal year. The recommendation by the Board of Directors to be put forward as a proposal to the Annual General Meeting of Shareholders on January 28, 2008, was today approved by the company's Supervisory Board. Thus, the dividend to be paid by Wincor Nixdorf AG will rise by 95 percent compared with the previous year. "We want our shareholders to participate in the company's successful performance, and the latest dividend proposal clearly underlines our ambitions within this area," said President & CEO Eckard Heidloff in commenting on the approach taken.
The total amount to be distributed as part of the proposed dividend payment is approx. €88 million.
The proposal is in line with the dividend policy announced by Wincor Nixdorf AG prior to the company's initial public offering in 2004. According to this policy, around half of the cash net income (net profit for the year adjusted for the earnings effect of the carve-out from Siemens) generated by the Group over the course of a fiscal year is to be paid as a dividend. In the fiscal year just ended this corresponds to €1.83 (2005/2006: €1.40, having accounted for the stock split) of the total dividend payment planned by the company. Thus, the comparable dividend per no-par-value share will rise by around 31 percent year on year.
Beyond this, the above-mentioned dividend proposal of €2.73 includes a special dividend of €0.90 per no-par-value share. This amount represents the full distribution of funds held within the tax reserve account, which has thus been made available to shareholders. Within this context, the conclusion of a profit and loss transfer agreement is now considered appropriate; the latter will also be put to the vote at the Annual General Meeting of Shareholders.
The total dividend payable per entitled share thus amounts to €2.73.
The total amount to be distributed as part of the proposed dividend payment is approx. €88 million.
The proposal is in line with the dividend policy announced by Wincor Nixdorf AG prior to the company's initial public offering in 2004. According to this policy, around half of the cash net income (net profit for the year adjusted for the earnings effect of the carve-out from Siemens) generated by the Group over the course of a fiscal year is to be paid as a dividend. In the fiscal year just ended this corresponds to €1.83 (2005/2006: €1.40, having accounted for the stock split) of the total dividend payment planned by the company. Thus, the comparable dividend per no-par-value share will rise by around 31 percent year on year.
Beyond this, the above-mentioned dividend proposal of €2.73 includes a special dividend of €0.90 per no-par-value share. This amount represents the full distribution of funds held within the tax reserve account, which has thus been made available to shareholders. Within this context, the conclusion of a profit and loss transfer agreement is now considered appropriate; the latter will also be put to the vote at the Annual General Meeting of Shareholders.
The total dividend payable per entitled share thus amounts to €2.73.
