|
EQS-Ad-hoc: CEWE Stiftung & Co. KGaA / Key word(s): Dividend Ad Hoc Release CEWE plans fifteenth dividend increase in a row Oldenburg, 18 March 2024. The Board of Management of CEWE Stiftung & Co. KGaA (SDAX, ISIN: DE0005403901) resolved in its meeting of today to propose to the Supervisory Board, on the basis of the preliminary unaudited figures for the 2023 financial year, to raise the dividend to 2.60 euros per eligible share (dividend for the 2022 financial year: 2.45 euros). CEWE has concluded the business year 2023 with a strong result: According to preliminary calculations, reported Group turnover increases by 47.5 million euros to 780.2 million euros (turnover 2022: 732.7 million euros), reported Group EBIT rises to 83.9 million euros (EBIT 2022: 75.6 million euros). The proposal for the appropriation of net income is to be submitted to the Annual General Meeting for resolution on the appropriation of net income after adoption of the audited annual financial statements. Subject to the approval of the Supervisory Board in its meeting on the financial statements on 19 March 2024 and of the shareholders at the Annual General Meeting on 5 June 2024, the dividend now proposed at 2.60 euros a share is equivalent to a dividend yield of 2.6% based on the year-end share price 2023 of 101.20 euros. This is the fifteenth dividend increase in a row and marks a new high. CEWE thus further strengthens its position among the top 3 of the 644 listed German companies that have continuously increased their dividends over so many years. CEWE will be presenting the complete, audited annual financial statements at the Annual Press and Analysts' Conference on March 22, 2024. Notifier: Axel Weber, Head of Investor Relations, CEWE Stiftung & Co. KGaA
End of Inside Information
18-March-2024 CET/CEST The EQS Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. |
| Language: | English |
| Company: | CEWE Stiftung & Co. KGaA |
| Meerweg 30-32 | |
| 26133 Oldenburg | |
| Germany | |
| Phone: | +49 (0)441 40 4-1 |
| Fax: | +49 (0)441 40 4-42 1 |
| E-mail: | IR@cewe.de |
| Internet: | www.cewe.de |
| ISIN: | DE0005403901 |
| WKN: | 540390 |
| Indices: | SDAX |
| Listed: | Regulated Market in Berlin, Frankfurt (Prime Standard); Regulated Unofficial Market in Dusseldorf, Hamburg, Hanover, Munich, Stuttgart, Tradegate Exchange |
| EQS News ID: | 1861305 |
| End of Announcement | EQS News Service |
|
|
1861305 18-March-2024 CET/CEST
P R O D U C T S U G G E S T I O N S
The information presented here has been provided by our content partner EQS-Group. The originator of the news is the respective issuer, the company relating to the news, a publication service provider (press or information agency) which uses the distribution service of EQS to transmit company news to shareholders, investors, investors or interested parties. The original publications and other company-relevant information can be found at eqs-news.com.
The information you can access does not constitute investment advice. The presentation of our cooperation partners, where the implementation of investment decisions would be possible depending on the individual risk profile, is solely at the discretion of the person using the service. We only present companies of which we are convinced that the range of services and customer service will satisfy discerning investors.
If you are considering leverage products, familiarise yourself with the typical characteristics of the financial instruments beforehand. Take the time to determine the risk content of the planned investment before making an investment decision. Bear in mind that a total loss cannot be ruled out with leverage products.
For newcomers to the subject, we offer various options in both the training and the tools section, through which you can train theoretical knowledge and practical experience and thus improve your skills. The offer ranges from participation in webinars to personal mentoring. The range is continuously being expanded.
1 Lab features are usually functionalities that emerge from the think tank of the investor community. In the early stages, these are experimental functionalities whose development process is largely determined by use and the resulting feedback from the community. When integrating external services or functionalities, the functionality can only be guaranteed to the extent that the individual process elements, such as interfaces, interact with each other.
