Freenet AG Shareholders Approve Dividend Increase at Annual General Meeting

On May 8, 2024, at the Annual General Meeting held in Hamburg, freenet AG announced a dividend per share increase of 5.4% for the fiscal year 2023, raising the dividend to EUR 1.77 from EUR 1.68. This decision received a favorable vote of 95.15%, reflecting a robust approval from the shareholders.

The total dividend payout will amount to EUR 210.5 million, showing a continuation of freenet's policy of aligning dividend payments with corporate success. This increment results in a dividend yield of 7.0%. Scheduled payment will begin on May 14, 2024, and will be processed through the tax contribution account under the German Corporation Tax Act, allowing for tax-free distribution.

In addition to this key decision, all other agenda items were also passed by a majority. The meeting witnessed a representation of 40.65% of freenet AG’s registered share capital, an inclusive count of both initial presence and postal votes. Detailed results and further announcements from the AGM can be accessed on the company's official website.