WALLDORF, Germany, March 18, 2011 /PRNewswire/ -- The Executive Board and the Supervisory Board of SAP AG (NYSE: SAP) recommend that shareholders approve a dividend of Euro 0.60 per share at the Annual General Meeting of Shareholders. Compared to last year's dividend of Euro 0.50 per share, this would represent an increase of 20%. If shareholders approve the recommendation and based on the outstanding shares at December 31, 2010, the total amount distributed in dividends for fiscal year 2010 would be approximately Euro 713 million (2009: Euro 594 million), representing a pay-out ratio of 39% (2009: 34%).
The Annual General Meeting of Shareholders is scheduled for May 25, 2011 in Mannheim, Germany. The payment of the dividend is scheduled on or after May 26, 2011.
Note to holders of SAP ADRs (American Depositary Receipts): One SAP ADR represents one SAP AG share. However, the final dividend is dependent upon the euro/US-dollar exchange rate. SAP AG pays cash dividends in euro, so the exchange rate fluctuations will also affect the US-dollar amounts received by the holders of ADRs on the conversion into US dollars the cash dividends paid in euro on the ordinary shares represented by the ADRs. The final dividend payment by SAP AG to the depositary bank is scheduled for May 26, 2011. The depositary bank will then convert the dividend payment from euros into US dollars as promptly as practicable.
As market leader in enterprise application software, SAP (NYSE: SAP) helps companies of all sizes and industries run better. From back office to boardroom, warehouse to storefront, desktop to mobile device – SAP empowers people and organizations to work together more efficiently and use business insight more effectively to stay ahead of the competition. SAP applications and services enable more than 109,000 customers to operate profitably, adapt continuously, and grow sustainably. For more information, visit www.sap.com.
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