Daimler Annual Shareholders' Meeting Approves Dividend of Euro 2.20 per Share
BERLIN, April 4, 2012 /PRNewswire/ -- At the Annual Shareholders' Meeting of Daimler AG in Berlin on Wednesday, the company's shareholders approved the payout of a dividend of euro 2.20 for the year 2011 (2010: euro 1.85). The total dividend distribution amounts about euro 2.3 billion.
The Annual Meeting elected Dr. Clemens Borsig as a member of the Supervisory Board of Daimler AG for an additional five years.
The actions of the members of the Board of Management were ratified with a majority of 99.59% and the actions of the members of the Supervisory Board were ratified with a majority of 99.31%.
This year's Annual Meeting at the Berlin Messe exhibition center was attended by approximately 5,700 shareholders (2011: 5,100). 44.06 percent of the share capital was represented.
The dividend will be paid out on April 5, 2012 to all shareholders who held Daimler shares on April 4, 2012.
This document contains forward-looking statements that reflect our current views about future events.
The words "anticipate," "assume," "believe," "estimate," "expect," "intend," "may," "plan," "project," "should" and similar expressions are used to identify forward-looking statements. These statements are subject to many risks and uncertainties, including an adverse development of global economic conditions, in particular a decline of demand in our most important markets; a worsening of the public
debt crisis in the eurozone; a deterioration of our funding possibilities on the credit and financial markets; events of force majeure including natural disasters, acts of terrorism, political unrest, industrial accidents and their effects on our sales, purchasing, production or financial services activities; changes in currency exchange rates; a shift in consumer preference towards smaller, lower margin vehicles; or a possible lack of acceptance of our products or services which limits our ability to achieve prices as well as to adequately utilize our production capacities; price increases in fuel or raw materials; disruption of production due to shortages of materials, labor strikes, or supplier insolvencies; a decline in resale prices of used vehicles; the effective implementation of cost-reduction and efficiency-optimization measures; the business outlook of companies in which we hold a significant equity interest, most notably EADS; the successful implementation of strategic cooperations and joint ventures; changes in laws, regulations and government policies, particularly those relating to vehicle emissions, fuel economy and safety; the resolution of pending governmental investigations and the conclusion of pending or threatened future legal proceedings; and other risks and uncertainties, some of which we describe under the heading "Risk Report" in Daimler's most recent Annual Report. If any of these risks and uncertainties materialize, or if the assumptions underlying any of our forward-looking statements prove incorrect, then our actual results may be materially different from those we express or imply by such statements. We do not intend or assume any obligation to update these forward-looking statements. Any forward-looking statement speaks only as of the date on which it is made.
Daimler AG is one of the world's most successful automotive companies. With its divisions Mercedes-Benz Cars, Daimler Trucks, Mercedes-Benz Vans, Daimler Buses and Daimler Financial Services, the Daimler Group is one of the biggest producers of premium cars and the world's biggest manufacturer of commercial vehicles with a global reach. Daimler Financial Services provides financing, leasing, fleet management, insurance and innovative mobility services.The company's founders, Gottlieb Daimler and Carl Benz , made history with the invention of the automobile in the year 1886. As a pioneer of automotive engineering, Daimler continues to shape the future of mobility today: The Group's focus is on innovative and green technologies as well as on safe and superior automobiles that appeal to and fascinate its customers. For many years now, Daimler has been investing continually in the development of alternative drive systems with the goal of making emission-free driving possible in the long term. So in addition to vehicles with hybrid drive, Daimler now has the broadest range of locally emission-free electric vehicles powered by batteries and fuel cells. This is just one example of how Daimler willingly accepts the challenge of meeting its responsibility towards society and the environment. Daimler sells its vehicles and services in nearly all the countries of the world and has production facilities on five continents. Its current brand portfolio includes, in addition to the world's most valuable premium automotive brand, Mercedes-Benz, the brands smart, Maybach, Freightliner, Western Star, BharatBenz, Fuso, Setra, Orion and Thomas Built Buses. The company is listed on the stock exchanges of Frankfurt and Stuttgart (stock exchange symbol DAI).
In 2011, the Group sold 2.1 million vehicles and employed a workforce of more than 271,000 people; revenue totaled euro 106.5 billion and EBIT amounted to euro 8.8 billion.
SOURCE Daimler Corporate Communications
More by this Source
Board of Daimler AG extends contract with Dr. Christine Hohmann-Dennhardt by three years
Apr 24, 2013, 03:23 ET
Daimler achieves EBIT of €917 million in first quarter of 2013
Apr 24, 2013, 01:37 ET
Annual Shareholders' Meeting of Daimler AG approves dividend of €2.20 per share
Apr 10, 2013, 13:56 ET
Browse our custom packages or build your own to meet your unique communications needs.
Learn about PR Newswire services
Request more information about PR Newswire products and services or call us at (888) 776-0942.