WALLDORF, Germany, Feb. 23, 2012 /PRNewswire/ -- Today, the Executive Board of SAP AG (NYSE: SAP) has prepared the 2011 consolidated financial statements and will recommend to the SAP Supervisory Board to propose at the Annual General Meeting of Shareholders to increase the dividend by 83% from euro 0.60 to euro 1.10 per share for the fiscal year 2011. This includes a special dividend of euro 0.35 per share to celebrate SAP's 40th anniversary. If the SAP Supervisory Board and the shareholders at the Annual General Meeting of Shareholders approve this recommendation, the total amount distributed in dividends would be euro 1.3 billion (2010: euro 713 million). The dividend payout ratio would be 38% (2010: 39%).
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"We believe SAP's best year ever should also be our shareholders' best year ever," said Bill McDermott and Jim Hagemann Snabe, co-CEOs of SAP. "The proposed dividend will allow our shareholders to participate in our success."
About SAP
As market leader in enterprise application software, SAP (NYSE: SAP) helps companies of all sizes and industries run better. From back office to boardroom, warehouse to storefront, desktop to mobile device – SAP empowers people and organizations to work together more efficiently and use business insight more effectively to stay ahead of the competition. SAP applications and services enable more than 183,000 customers (includes customers from the acquisition of Sybase) to operate profitably, adapt continuously, and grow sustainably. For more information, visit www.sap.com.
Any statements contained in this document that are not historical facts are forward-looking statements as defined in the U.S. Private Securities Litigation Reform Act of 1995. Words such as "anticipate," "believe," "estimate," "expect," "forecast," "intend," "may," "plan," "project," "predict," "should" and "will" and similar expressions as they relate to SAP are intended to identify such forward-looking statements. SAP undertakes no obligation to publicly update or revise any forward-looking statements. All forward-looking statements are subject to various risks and uncertainties that could cause actual results to differ materially from expectations. The factors that could affect SAP's future financial results are discussed more fully in SAP's filings with the U.S. Securities and Exchange Commission ("SEC"), including SAP's most recent Annual Report on Form 20-F filed with the SEC. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of their dates.
© 2012 by SAP AG. All rights reserved.
SAP and the SAP logo are registered trademarks of SAP AG in Germany and other countries. Business Objects and the Business Objects logo are trademarks or registered trademarks of Business Objects Software Ltd. Business Objects is an SAP company. Sybase and the Sybase logo are registered trademarks of Sybase Inc. Sybase is an SAP company. Crossgate is a registered trademark of Crossgate AG in Germany and other countries. Crossgate is an SAP company.
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For customers interested in learning more about SAP products:
Global Customer Center: +49 180 534-34-24
United States Only: 1 (800) 872-1SAP (1-800-872-1727)
For more information, financial community only:
Stefan Gruber, +49 (6227) 7-44872, [email protected], CET
For more information, press only:
Christoph Liedtke, SAP, +49 6227 7-50383, [email protected], CET
Jim Dever, SAP, +1 (610) 661-2161, [email protected], EST
SAP Press Office, +49 (6227) 7-46315, CET; +1 (610) 661-3200, EST; [email protected]
SOURCE SAP AG
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