SAP to Return an Extra EUR1.5 Billion to Shareholders in 2020
November 05 2019 - 1:00AM
Dow Jones News
By Max Bernhard
SAP SE (SAP.XE) said late Monday that its supervisory board has
authorized an extra 1.5 billion-euro ($1.7 billion) capital return
to shareholders in 2020, citing the German software company's
strong financial performance and balance sheet.
The company is allowed to repurchase shares and issue a special
dividend with the combined volume by Dec. 31 next year, it
said.
"This enhanced capital return will be in addition to SAP's
regular dividend policy of distributing at least 40% of its IFRS
profit after tax," SAP said.
SAP said it would provide more details on its capital-allocation
policy at a capital markets day on Nov. 12.
Write to Max Bernhard at max.bernhard@dowjones.com;
@mxbernhard
(END) Dow Jones Newswires
November 05, 2019 01:45 ET (06:45 GMT)
Copyright (c) 2019 Dow Jones & Company, Inc.
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