DGAP-Adhoc: Deutsche Pfandbriefbank AG: Deutsche Pfandbriefbank AG adopts policy for higher dividend distributions until 2019, and will propose a dividend of EUR 1.07 per share for 2017

2018. március 01., csütörtök, 14:33





DGAP-Ad-hoc: Deutsche Pfandbriefbank AG / Key word(s): Dividend


Deutsche Pfandbriefbank AG: Deutsche Pfandbriefbank AG adopts policy for higher dividend distributions until 2019, and will propose a dividend of EUR 1.07 per share for 2017


01-March-2018 / 14:33 CET/CEST


Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by DGAP - a service of EQS Group AG.


The issuer is solely responsible for the content of this announcement.



Deutsche Pfandbriefbank AG adopts policy for higher dividend distributions until 2019, and will propose a dividend of EUR 1.07 per share for 2017


The Management Board and Supervisory Board of Deutsche Pfandbriefbank AG (pbb) resolved on a new dividend policy today: the current pay-out ratio of between 40% and 50% of consolidated profit after taxes in accordance with IFRS is set to be raised to a regular dividend of 50% plus a special dividend of 25%, until 2019 inclusive. In addition, for 2017 pbb wants to distribute net income (after taxes) over and above its original results guidance, in full. This would equate to a total dividend of EUR 1.07 per share and a pay-out ratio of 79%. The dividend policy is subject to regular review against legal and regulatory requirements, as well as in terms of commercial viability. In 2017, pbb generated profit before taxes of EUR 204 million (preliminary, unaudited consolidated figures in accordance with IFRS).




Contact:

Walter Allwicher

Head of Communications

+49 (0) 89 2880 28 787







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Language: English
Company: Deutsche Pfandbriefbank AG

Freisinger Strasse 5

85716 Unterschleissheim

Germany
Phone: +49 (0) 89 2880 28 201
Fax: +49 (0) 89 2880 22 28 201
E-mail: info@pfandbriefbank.com
Internet: http://www.pfandbriefbank.com
ISIN: DE0008019001, Die internationalen Wertpapierkennnummern (ISIN) weiterer von der Deutsche Pfandbriefbank AG ausgegebener Finanzinstrumente sind abrufbar auf der Website der Deutsche Pfandbriefbank AG unter https://www.pfandbriefbank.com/investoren/pflichtveroeffentlichungen/ad-hoc-mitteilungen/liste-weiterer-finanzinstrumente.html. The International Securities Identification Numbers (ISINs) of further, financial instruments issued by Deutsche Pfandbriefbank AG are available on Deutsche Pfandbriefbank"s Investor Relations website under https://www.pfandbriefbank.com/en/investors/mandatory-publications/ad-hoc-announcements/list-of-further-financial-instruments.html
WKN: 801900
Indices: MDAX
Listed: Regulated Market in Frankfurt (Prime Standard), Munich, Stuttgart; Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover; London, Dublin, Mailand, Paris, Luxemburg, SIX





 
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659429  01-March-2018 CET/CEST







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