DGAP-News: Deutsche EuroShop AG / Key word(s): Dividend
Deutsche EuroShop has set out its dividend policy up to 2016
27.11.2013 / 13:07
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Deutsche EuroShop has set out its dividend policy up to 2016
Hamburg, 27 November 2013 - The Executive Board and the Supervisory Board
of the shopping center investor Deutsche EuroShop AG have decided in view
of the current successful business year to propose a dividend increase from
EUR1.20 to EUR1.25 per share for the business year 2013 at the upcoming
Annual General Meeting.
Furthermore, the company also intends to raise the dividend by EUR0.05 per
share in each of the financial years from 2014 to 2016, so that the
dividend would reach EUR1.40 per share by financial year 2016. This would
correspond with an absolute increase of 16.6% by 2016 and an average annual
increase of 3.9%.
'The aim of this measure is to respond to frequent requests for a
long-term, plannable dividend policy,' said Claus-Matthias Böge, CEO, in
explanation of the new distribution policy.
Deutsche EuroShop - The shopping center company
Deutsche EuroShop is the only public company in Germany to invest solely in
shopping centers in prime locations. The MDAX-listed company currently has
investments in 19 shopping centers in Germany, Austria, Poland and Hungary.
The portfolio includes the Main-Taunus-Zentrum near Frankfurt, the
Altmarkt-Galerie in Dresden and the Galeria Baltycka in Gdansk, among many
others.
<pre>
Contact:
Deutsche EuroShop AG E-Mail: ir@deutsche-euroshop.com
Investor & Public Relations http://www.deutsche-euroshop.com
Patrick Kiss
Heegbarg 36 http://www.facebook.com/euroshop
22391 Hamburg http://www.slideshare.net/desag
http://www.twitter.com/des_ag
Tel. +49-(0)40-413579-20
Fax +49-(0)40-413579-29 ISIN: DE 000 748020 4
</pre>
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27.11.2013 Dissemination of a Corporate News, transmitted by DGAP - a
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Language: English
Company: Deutsche EuroShop AG
Heegbarg 36
22391 Hamburg
Germany
Phone: +49 (0)40 413 579-0
Fax: +49 (0)40 413 579-29
E-mail: ir@deutsche-euroshop.de
Internet: www.deutsche-euroshop.de
ISIN: DE0007480204
WKN: 748020
Indices: MDAX
Listed: Regulierter Markt in Frankfurt (Prime Standard);
Freiverkehr in Berlin, Düsseldorf, Hamburg, Hannover,
München, Stuttgart
End of News DGAP News-Service
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241915 27.11.2013
DGAP-News: Deutsche EuroShop has set out its dividend policy up to 2016
| Source: EQS Group AG