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.