Darmstadt (pta/18.03.2022/15:25 UTC+1)
Darmstadt, Germany – March 18, 2022: The Management Board and the Supervisory Board of Software AG (Frankfurt MDAX®: SOW) today decided to propose a stable dividend of €0.76 for fiscal year 2021 at the Annual Shareholders’ Meeting on May 17, 2022. The Company thus continues its policy of consistent dividends, which reflects the long-term increase in value of the Group.
Dr. Matthias Heiden, CFO of Software AG, said: "The financial strength of our Company enables us to invest in future growth and to share our success with our shareholders. The unchanged dividend proposal reflects our appreciation of shareholders and their continued support of the transformation strategy. Our transformation delivered product revenue growth in 2021, as we emerged from the trough of our shift to subscription. Based on our successful transformation and combined with our strategic partnership with Silver Lake and our recently announced agreement to acquire StreamSets, we are confident in delivering sustainable profitable growth. Going forward, we intend to let our shareholders participate in the value creation of the Company."
The dividend proposal is based on the Company's strong balance sheet and confirms the Company's strategy toward long-term profitable growth. The business shift towards more recurring revenue from subscription and software-as-a-service (SaaS) contracts, and the even stronger customer loyalty that comes with it, will lead to more predictable revenues and ultimately cash flows in the long term.
Subject to the approval of the Annual Shareholders’ Meeting and based on 74 million dividend-bearing shares outstanding, the total payout sum remains unchanged at €56.2 million. In relation to the closing share price in 2021 (Xetra® closing price on December 31, 2021: €35.08 [2020: €33.34]), this proposal corresponds to a dividend yield of 2.17 percent (2020: 2.28 percent).
Annual Shareholders‘ Meeting
Software AG's Annual Shareholders’ Meeting will be held as a virtual event on May 17, 2022.
About Software AG
Software AG is the software pioneer of a truly connected world. Since 1969, it has helped 10,000+ organizations use software to connect people, departments, systems and devices. Software AG empowers truly connected enterprises using integration & APIs, IoT & analytics and business & IT transformation. Software AG’s products establish a fluid flow of data that allows everything and everyone to work together. The company has more than 4,800 employees across more than 70 countries and annual revenue of over €830m. It is committed to its ambition of exceeding €1 billion of organic revenue and reaching an organic operating profit margin (EBITA, non-IFRS) of between 25 percent to 30 percent in 2023.
For further information, please contact:
For Investor Inquiries
Senior Vice President, Corporate Development and Investor Relations
T: +49 6151 92-1274
For Media Inquiries
Dr. Astrid Kasper
Senior Vice President, Corporate Communications
T: +49 6151 92-1397
Senior Manager, Financial Communications
T: +49 6151 92-1575
|Contact Person:||Investor Relations|
|Phone:||+49 615192 1900|
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