Wacker Neuson SE announces proposal for the appropriation of net profit
During its meeting today, the Supervisory Board of Wacker Neuson SE approved the Executive Board's recommendation to propose a dividend of EUR 0.50 per share at the AGM on May 22, 2012. This payment would be almost three times higher than the previous year's dividend of EUR 0.17 per share. With 70.14 million eligible shares, this corresponds to a payout of EUR 35.07 million and matches the 2007 pre-crisis dividend payment. The retained earnings of parent company Wacker Neuson SE amounted to EUR 40.0 million for the past fiscal year (previous year: EUR 13.1 million). Based on Group profit for fiscal 2011, which at EUR 85.8 million was more than three times higher than the previous year's figure of EUR 23.9 million, the distribution ratio thus pans out at around 41 percent.
Wacker Neuson SE will publish its annual and consolidated financial statements in Munich on March 22, 2012 during a press conference to present its 2011 financial results.
Additional information on Wacker Neuson SE shares:
Admission: Regulated market / Prime Standard; Frankfurt Stock Exchange
Company headquarters: Germany