News
Siemens Supervisory and Managing Boards to propose dividend of €2.70
11.11.2010
Future dividends to total 30 to 50 percent of net income
For the first time in its history, Siemens AG has defined a clear dividend policy that can serve as a point of orientation for current and potential investors. In the future, the company intends to distribute between 30 and 50 percent of its net income in dividends to shareholders. In this context, exceptional noncash items will be considered separately. For the just-completed fiscal year 2010, Siemens’ Supervisory and Managing Boards will propose a dividend of €2.70 (fiscal 2009: €1.60) for shareholder approval at the Annual Shareholders’ Meeting in January 2011. This proposal represents an increase of nearly 70 percent over the prior year and – when impairment charges in the Healthcare Sector are taken into account – a payout ratio of 46 percent. “With our new dividend policy, we’re providing long-term investors with an additional incentive to invest in Siemens. This policy is also a component of the One Siemens target system that we’ve created to drive sustainable value creation,” said Siemens President and CEO Peter Löscher.
