EQS-Adhoc: Vonovia SE: Dividend proposal and change in dividend policy
Source: EQS
EQS-Ad-hoc: Dividend proposal and change in dividend policy Bochum, The Management Board and Supervisory Board of In agreement with the Supervisory Board, the Executive Board has also decided to change the dividend policy. In future, and thus for the first time for the dividend decision for the 2024 financial year, the dividend proposal will no longer be based on the Group FFO (after minorities), but on the Adj. EBT plus excess liquidity from the operating free cash flow (OFCF). The aim is an annual distribution of 50 % of Adj. EBT plus surplus liquidity, calculated as the 3-year average of the OFCF after deduction of the equity portion for the yielding investment programme. The Company's Management Board is convinced that the new dividend policy will lead to an appropriate shareholder participation in the core business and at the same time enable stable internal financing of the yielding investment programme. The definitions of the key financial figures used in this release are taken from Vonovia's annual report for the 2023 financial year.
*** Forward-looking statements contained in this release are not statements of fact and are characterised by the words "expect", "believe", "estimate", "intend", "aim", "assume" and similar expressions. These statements express the intentions, opinions or current expectations and assumptions of Head of Investor Relations Telephone: +49(0)234 314 - 1629 Rene.Hoffmann@vonovia.de End of Inside Information
|
Language: | English |
Company: | |
Universitätsstraße 133 | |
44803 Bochum | |
Phone: | +49 234 314 1609 |
Fax: | +49 234 314 2995 |
E-mail: | investorrelations@vonovia.de |
Internet: | www.vonovia.de |
ISIN: | DE000A1ML7J1 |
WKN: | A1ML7J |
Indices: | DAX |
Listed: | Regulated Market in |
EQS News ID: | 1859359 |
End of Announcement |
|
1859359 14-March-