SAP SE proposes increased dividend of €2.20 per share

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SAP SE proposes increased dividend of €2.20 per share
Credit: © Reuters.

WALLDORF, Germany - SAP SE (ETR: SAPG ) (NYSE: SAP), a leader in enterprise application software, has proposed a dividend of €2.20 per share for the fiscal year 2023, marking a 7.3% increase from the previous year's dividend. This recommendation is pending shareholder approval and corresponds to a total distribution of approximately €2.5 billion, reflecting a payout ratio of 43.1%. The proposed dividend is aligned with SAP's policy to return at least 40% of its after-tax profit to shareholders.

The key dates for the dividend payment are set as follows: shareholders on record by May 15, 2024, will be eligible for the dividend, which will be payable on May 21, 2024, following the ex-dividend date on May 16, 2024.

In addition to the dividend announcement, SAP has named the candidates for the upcoming elections of shareholder representatives to its Supervisory Board. The nominees include Pekka Ala-Pietilä, proposed as chair upon election, and Prof. Dr. Ralf Herbrich, both with terms expiring in 2026 and 2028, respectively. Three existing members, Aicha Evans, Gerhard Oswald, and Dr. Friederike Rotsch, have been nominated for re-election, with their terms also ending in 2028 and 2026.

These nominations adhere to the Supervisory Board's skills profile, diversity policy, and composition objectives. Holders of SAP American Depositary Receipts (ADRs) should note that the final dividend amount will be subject to the euro/US dollar exchange rate, as dividends are paid in euros.

The company's strategy focuses on enabling intelligent, sustainable enterprise operations. SAP serves a diverse global customer base across 26 industries, facilitating a significant portion of the world's commerce.

This press release contains forward-looking statements subject to risks and uncertainties that could affect SAP's actual results. Further details on these risks are available in SAP's filings with the Securities and Exchange Commission, including its 2022 Annual Report on Form 20-F.

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