PRESS RELEASE
from PATRIZIA Immobilien AG (isin : DE000PAT1AG3)
EQS-Adhoc: PATRIZIA SE: New dividend policy and proposal of a dividend of EUR 0.34 per share for FY 2023
EQS-Ad-hoc: PATRIZIA SE / Key word(s): Dividend/Strategic Company Decision
PATRIZIA SE: New dividend policy and proposal of a dividend of EUR 0.34 per share for FY 2023
28-Feb-2024 / 12:05 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by EQS News - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
The Board of Directors of PATRIZIA SE has today – based on a proposal by the Executive Directors – decided to update the Group’s dividend policy and to propose to shareholders an increased dividend for FY 2023.
PATRIZIA proposes a dividend of EUR 0.34 per share for FY 2023, equivalent to an increase of EUR 0.01 or 3.0% compared to last year. The increase is the sixth consecutive increase in dividends to shareholders since dividend payments were initiated in FY 2017. Shareholders will vote on the dividend proposal during the AGM on 12 June 2024.
The new dividend policy is based on the following pillars:
a) PATRIZIA strives to offer steadily growing dividends to its shareholders throughout market cycles, backed by its strong balance sheet and financial flexibility
b) Long-term, PATRIZIA aims to distribute more than 50% of the Group’s annual net profit attributable to shareholders in the form of dividends
The application of the dividend policy for future years is subject to the Group’s balance sheet strength, profitability, available liquidity and the general market environment.
Contact:
Martin Praum
Head of Investor Relations & Group Reporting
Phone: +49 69 643505-1114
investor.relations@patrizia.ag
PATRIZIA proposes a dividend of EUR 0.34 per share for FY 2023, equivalent to an increase of EUR 0.01 or 3.0% compared to last year. The increase is the sixth consecutive increase in dividends to shareholders since dividend payments were initiated in FY 2017. Shareholders will vote on the dividend proposal during the AGM on 12 June 2024.
The new dividend policy is based on the following pillars:
a) PATRIZIA strives to offer steadily growing dividends to its shareholders throughout market cycles, backed by its strong balance sheet and financial flexibility
b) Long-term, PATRIZIA aims to distribute more than 50% of the Group’s annual net profit attributable to shareholders in the form of dividends
The application of the dividend policy for future years is subject to the Group’s balance sheet strength, profitability, available liquidity and the general market environment.
Contact:
Martin Praum
Head of Investor Relations & Group Reporting
Phone: +49 69 643505-1114
investor.relations@patrizia.ag
End of Inside Information
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| Language: | English |
| Company: | PATRIZIA SE |
| Fuggerstraße 26 | |
| 86150 Augsburg | |
| Germany | |
| Phone: | +49 (0)821 - 509 10-000 |
| Fax: | +49 (0)821 - 509 10-999 |
| E-mail: | investor.relations@patrizia.ag |
| Internet: | www.patrizia.ag |
| ISIN: | DE000PAT1AG3 |
| WKN: | PAT1AG |
| Indices: | SDAX |
| Listed: | Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover, Munich, Stuttgart, Tradegate Exchange |
| EQS News ID: | 1847363 |
| End of Announcement | EQS News Service |
1847363 28-Feb-2024 CET/CEST