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Darmstadt, Germany, 3/20/2013
Software AG’s (FRA: SOW) Executive Board and Supervisory Board will recommend paying out a dividend of €0.46 per share for fiscal year 2012 at the Annual Shareholders' Meeting on May 3, 2013. This dividend would equal that of the previous record year (prev. year: €0.46). On the basis of outstanding shares, this would increase the payout ratio compared to Group net income 2012 (€164.7 million) to 24% (prev. year 22%).
Software AG’s dividend policy is aligned with the company’s long-term growth. Software AG sets its dividend payment on the development of net income and free cash flow on the one hand and the company’s financial requirements for continued growth on the other. Since fiscal year 2012, Software AG’s strategy has focused heavily on growth in the BPE division. Therefore, the company will invest in the global expansion of sales and marketing. Despite this investment program focused on long-term growth – which will, as already announced, burden profit in the current fiscal year - Software AG’s Executive Board and Supervisory Board recommend a dividend equal to that of the previous record year. In addition to investing in growth, the objective is to allow shareholders to participate in Software AG’s high profitability with a continued dividend.
In addition to the proposed dividend, Executive Board and Supervisory Board decided already in February 2013 to initiate a stock-buyback program of up to €180 million. Approximately 1.7 million shares have been acquired as of March 18, 2013. Shares held by the company are not entitled to a dividend payment and serve to reduce the dividend payout. The proposed dividend of €0.46 per share is not affected by this.
About Software AG
Software AG (FRA: SOW) helps organizations achieve their business objectives faster. The company's big data, integration and business process technologies enable customers to drive operational efficiency, modernize their systems and optimize processes for smarter decisions and better service. Building on over 40 years of customer-centric innovation, the company is ranked as a "leader" in fifteen market categories, fueled by core product families Adabas and Natural, ARIS, Terracotta and webMethods. Software AG has more than 5,400 employees in 70 countries and had revenues of €1.05 billion in 2012 (IFRS, unaudited).
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Software AG | Uhlandstraße 12 | 64297 Darmstadt | Germany
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Contact: Software AG Barbara Koegler Senior Vice President Corporate Communications Uhlandstrasse 12 64297 Darmstadt Germany Tel: +49 6151 92-1574 Fax: +49 6151 92-34-1243 press@softwareag.com http://www.softwareag.com |
or: Software AG Paul Hughes Director Media Relations Uhlandstrasse 12 64297 Darmstadt Germany Tel: +49 6151 92-1787 Fax: +49 6151 92-34-1243 press@softwareag.com http://www.softwareag.com |