DGAP-Ad-hoc: Hapag-Lloyd AG / Key word(s): Dividend
Hamburg, 10 March 2020
Executive Board of Hapag-Lloyd AG resolves to propose a dividend distribution of EUR 1.10 per share to the Annual General Meeting 2020 and adapts Dividend Policy
In addition thereto, the Executive Board has decided in the same meeting to change the current dividend policy (in general up to 20 - 30 % of the consolidated profit) to the extent that Hapag-Lloyd AG intends to generally pay a dividend of at least 30 % of the consolidated profit (IFRS) within its commercial and financial options.
The changed dividend policy allows Hapag-Lloyd AG to appropriately share its success with its shareholders despite economic fluctuations customary in the industry. Simultaneously, the company preserves the required flexibility for further developments and maintains adequate liquidity. The dividend policy is subject to compliance with legal requirements, existing financial agreements, consideration of the market conditions, further development and growth plans as well as maintaining an adequate level of liquidity.
The Annual Report for the financial year 2019 will be published on 20 March 2020.
Senior Director Investor Relations
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10-March-2020 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
|Phone:||+49 (0) 40 3001 - 2896|
|Fax:||+49 (0) 40 3001 - 72896|
|Listed:||Regulated Market in Frankfurt (Prime Standard), Hamburg; Regulated Unofficial Market in Berlin, Dusseldorf, Hanover, Munich, Stuttgart, Tradegate Exchange|
|EQS News ID:||993529|
|End of Announcement||DGAP News Service|
993529 10-March-2020 CET/CEST