SAP plans special anniversary dividend
BERLIN - Business software maker SAP AG says it plans a much-increased dividend for 2011, reflecting solid results last year as well as an extra payment to mark the company's 40th anniversary.
SAP shares were up 2.3 per cent at €50.71 ($67.37) in Frankfurt trading on Friday following the company's Thursday night announcement.
SAP says it plans to increase the dividend by 83 per cent to €1.10 from €0.60 per share the previous year. It says €0.35 of that is a "special dividend" to celebrate the anniversary. If directors and the annual general meeting approve, SAP will pay out a total €1.3 billion in dividends, up from €713 million for 2010.
The company's full-year net profit was up 90 per cent in 2011 to €3.44 billion. Software revenue rose 22 per cent to €3.97 billion.
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