Leifheit Aktiengesellschaft Announces Dividend Increase and Special Dividend for FY 2023

On March 22, 2024, Leifheit Aktiengesellschaft, a renowned company based in Nassau, Germany, declared its proposal for an increased dividend alongside a special dividend for the financial year 2023. This decision was made jointly by the Board of Management and the Supervisory Board, in adherence to the company's dividend policy. The policy traditionally aims to distribute about 75% of the net result for the period or the financial year's free cash flow as a dividend.

For the financial year ended in 2023, Leifheit plans to raise the dividend to EUR 0.95 per eligible no-par-value bearer share, up from EUR 0.70 the previous year. Moreover, the company is set to offer a special dividend of EUR 0.10 per share, reflecting its solid liquidity position and intent to share successes with its shareholders. Consequently, the total proposed dividend stands at EUR 1.05 per share, amounting to a total disbursement of EUR 9,996,696.15.

The final approval for this proposal is expected to take place during the company's Annual General Meeting on May 29, 2024. Leifheit's commitment to shareholder-friendly dividend payments is further emphasized with this announcement. The full 2023 Annual Report will be accessible on the company's website from March 27, 2024.