DGAP-News: CEWE Stiftung & Co. KGaA / Key word(s): Dividend
CEWE increases dividend for tenth consecutive year
- Board of Management and Supervisory Board propose a dividend of 1.95 euros per share
- Dividend yield of 3.1 % on the basis of the 2018 year-end share price
- Corporate targets all reached in 2018
Oldenburg, 21 March 2019. The Supervisory Board of CEWE Stiftung & Co. KGaA (SDAX, ISIN: DE 0005403901) decided in its meeting today to propose the tenth consecutive dividend increase. After a business year 2018, which saw the Group achieving all its corporate targets, the Board of Management and the Supervisory Board are to propose a dividend of 1.95 euros per share for the business year of 2018 at the Annual General Meeting to be held on 5 June 2019 (dividend of previous year: 1.85 euros). "Our earning power and strong balance sheet enable us to raise our dividend in absolute terms for the tenth consecutive year," explains Dr. Olaf Holzkämper, CFO of the CEWE-group. On the basis of the share price at the end of 2018 (62,10 euros), shareholders will be receiving a dividend yield of 3.1 % with the dividend proposed.
CEWE will present full, audited annual financial statements at the annual report and analysts' press conference to be held in Frankfurt am Main on 28 March 2019.
The CEWE apps are all available in the app stores: CEWE PHOTO WORLD, CEWE POSTCARD, CEWE SERVICE and other photo apps, and the CEWE Investor Relations app for iPad(c) or android tablets, with annual reports and quarterly reports, presentations and sustainability reports.
About CEWE: The innovative photo and online print service company, with fourteen highly-technical production operations and a staff of around 3,900 employees in 26 European countries, is both market and technological leader. In 2018 CEWE delivered around 2.2 billion prints, 6.2 million CEWE PHOTO BOOK copies and numerous photo gift articles to more than 20,000 retail partners to generate Group turnover of 653.3 million euros. The company is continuously generating new impulses in the photographic industry with innovations for people who enjoy taking photos. CEWE is a leading company when it comes to climate protection. CEWE brand products are all produced in a climate-natural process. In the "commercial online printing" business segment, printed material for businesses is marketed through the sales platforms of CEWE-PRINT.de, SAXOPRINT, viaprinto and LASERLINE. Founded by Senator h. c. Heinz Neumüller in 1961, CEWE has been listed on the stock exchange since 1993 and is an SDAX member.
21.03.2019 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.
|Company:||CEWE Stiftung & Co. KGaA|
|Phone:||+49 (0)441 40 4-1|
|Fax:||+49 (0)441 40 4-42 1|
|Listed:||Regulated Market in Berlin, Frankfurt (Prime Standard); Regulated Unofficial Market in Dusseldorf, Hamburg, Hanover, Munich, Stuttgart, Tradegate Exchange|
|End of News||DGAP News Service|