Aareal Bank AG
Aareal Bank AG: Future dividend policy of Aareal Bank AG: Higher distribution ratios planned (news with additional features)
DGAP-News: Aareal Bank AG / Key word(s): Dividend Future dividend policy of Aareal Bank AG: Higher distribution ratios planned Wiesbaden, 24 February 2016 – The Management Board and the Supervisory Board of Aareal Bank AG resolved to enhance the Bank’s dividend policy today. According to this, the Bank plans to continue to distribute an ordinary dividend of approximately 50% of the earnings per share (EpS) for the financial years from 2016 onwards. For the financial years 2016 until 2018 it is planned to add a supplementary dividend, increasing from 10% to between 20 and 30% of the EpS, respectively. Thus, the Bank aims to pay a dividend of approximately 60% of EpS for the 2016 financial year, and of approximately 70 to 80% of EpS for the 2017 and 2018 financial years, respectively. The basis for calculating the dividend generally is the EpS. This corresponds to consolidated net income (after taxes) according to IFRSs after deduction of net income/loss attributable to non-controlling interests and after servicing hybrid financial instruments. In accordance with the existing dividend policy, the Management Board and the Supervisory Board of Aareal Bank AG will propose to the Annual General Meeting on 25 May 2016 to distribute a dividend of EUR 1.65 per share for the 2015 financial year. Additional information Important note: Reservations regarding statements about the future In addition to other reasons not specified here, deviations are possible due to (i) changes to the general economic and competitive situation, especially in core business segments and markets of Aareal Bank AG, (ii) legal and other regulatory changes, especially regarding supervisory regulations, (iii) developments of financial markets (especially market volatility, liquidity and credit events), (iv) changes to the borrower default rate, (v) interest rate changes, (vi) changes to exchange rates, including the euro-dollar exchange rate (vii) acquisitions including successive integration and restructuring measures and (viii) general competitive factors. Terrorist attacks and their consequences could increase the probability and the extent of deviations. No obligation to update information Aareal Bank Group Contact: Aareal Bank AG Corporate Communications Sven Korndörffer Phone: +49 611 348 2306 sven.korndoerffer@aareal-bank.com Christian Feldbrügge Phone: +49 611 348 2280 christian.feldbruegge@aareal-bank.com Jorge Person Phone: +49 611 348 3217 jorge.person@aareal-bank.com Alessandro Schwarz Phone: +49 611 348 2923 alessandro.schwarz@aareal-bank.com +++++ Additional features: Document: http://n.eqs.com/c/fncls.ssp?u=KEWYQKLOQQ Document title: 20160224_Press_Release.pdf
2016-02-24 Dissemination of a Corporate News, transmitted by DGAP – a service of EQS Group AG. |
Language: | English | |
Company: | Aareal Bank AG | |
Paulinenstr. 15 | ||
65189 Wiesbaden | ||
Germany | ||
Phone: | +49 (0)611 348 – 0 | |
Fax: | +49 (0)611 348 – 2332 | |
E-mail: | aareal@aareal-bank.com | |
Internet: | www.aareal-bank.com | |
ISIN: | DE0005408116 | |
WKN: | 540811 | |
Indices: | MDAX | |
Listed: | Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Munich, Stuttgart; Terminbörse EUREX; Stockholm | |
End of News | DGAP News Service |