Continental AG / Key word(s): Dividend
20.02.2012 13:24
Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted
by DGAP - a company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
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In preparation of the Financial Statements for fiscal 2011, the Executive
Board of Continental AG has decided to propose to the Annual Shareholders'
Meeting, scheduled for April 27, 2012 in Hanover, a dividend payment of
EUR1.50 per share.
Based on the approximately 200 million shares outstanding, the proposed
amount to be distributed totals roughly EUR300 million. In relation to the
consolidated net income of the Continental Corporation attributable to the
shareholders of Continental AG, the payout ratio is about 24%.
In its meeting on March 13, the Supervisory Board of Continental AG will
resolve upon the adoption of the Financial Statements for fiscal 2011 and
the dividend payment proposal for the Annual Shareholders' Meeting. The
Audit Committee has recommended to the Supervisory Board also to propose a
dividend payment of EUR1.50 per share.
20.02.2012 DGAP's Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de
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Language: English
Company: Continental AG
Vahrenwalder StraÃe 9
30165 Hannover
Germany
Phone: +49 (0)511 938-1068
Fax: +49 (0)511 938-1080
E-mail: ir@conti.de
Internet: www.conti.de
ISIN: DE0005439004
WKN: 543900
Indices: MDAX
Listed: Regulierter Markt in Frankfurt (Prime Standard), Hamburg,
Hannover, Stuttgart; Freiverkehr in Berlin, Düsseldorf,
München; Terminbörse EUREX; Luxembourg, SIX
End of Announcement DGAP News-Service
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DGAP-Adhoc: Continental AG: Dividend Proposal
| Source: EQS Group AG