FILL: Fresenius SE Sees Dividend Growth for 2015 of Over 20%
August 27 2015 - 2:24AM
Dow Jones News
FRANKFURT--German healthcare group Fresenius SE will increase
the dividend payout for this year by more than 20%, and reach its
mid-term profit target two years ahead of schedule, the company
said on Thursday.
Fresenius had projected profit of 1.4 billion euros ($1.58
billion) to 1.5 billion euros by 2017, a target that it will meet
this year instead, the company said.
Fresenius didn't provide a specific earnings projection for
2015, but reiterated that profit is likely to rise between 18% and
21% in constant currency terms.
Fresenius said that for 2015, "dividend growth is therefore
expected to clearly exceed 20%," marking the 23rd year of
consecutive dividend increases.
Fresenius will provide a fresh mid-term target in February, it
added.
Write to Monica Houston-Waesch at: nikki.houston@wsj.com
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(END) Dow Jones Newswires
August 27, 2015 03:09 ET (07:09 GMT)
Copyright (c) 2015 Dow Jones & Company, Inc.
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