Deutsche Lufthansa AG: Lufthansa Group changes dividend policy
June 24, 2019 at 11:25 am IST
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DGAP-Ad-hoc: Deutsche Lufthansa AG / Key word(s): Dividend
Deutsche Lufthansa AG: Lufthansa Group changes dividend policy
24-Jun-2019 / 07:51 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
The Executive Board of Lufthansa Group has decided to change its dividend policy. In the future, the Group plans to pay out a regular dividend of 20 to 40 percent of the Group's net profit, adjusted for one-time gains and losses. The prior policy stipulated a payout of 10 to 25 percent of Group EBIT.
By changing its dividend policy, the Group demonstrates its commitment to the generation of attractive shareholder returns. The payout range of the new dividend policy offers the Group more flexibility compared to the previous policy to achieve dividend continuity.
Unchanged to the previous policy, the new dividend policy also allows for shareholders to participate in a particularly positive performance by the Company by means of a special dividend or share buyback.
Contact:
Deutsche Lufthansa AG
Dennis Weber, Head of Investor Relations
Phone +49 (0) 69 / 696 28001
Fax +49 (0) 69 / 696 90990
24-Jun-2019 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Archive at www.dgap.de
Language:
English
Company:
Deutsche Lufthansa AG
Venloer Str. 151-153
50672 Cologne
Germany
Phone:
+49 (0)69 696 28000
Fax:
+49 (0)69 696 90990
E-mail:
investor.relations@dlh.de
Internet:
www.lufthansagroup.com/investor-relations
ISIN:
DE0008232125, DE0008232125
WKN:
823212
Indices:
DAX
Listed:
Regulated Market in Dusseldorf, Frankfurt (Prime Standard), Hamburg, Hanover; Regulated Unofficial Market in Tradegate Exchange
Deutsche Lufthansa AG is a Germany-based aviation company, which provides passenger and cargo air transportation services worldwide. The Company's segments include Passenger Airlines, Logistics, MRO and Catering. The Passenger Airlines segment includes Lufthansa Airlines, SWISS, Austrian Airlines, Brussels Airlines and Eurowings. The Logistics segment includes the airfreight container management specialist Jettainer group, the time:matters Group, which specialises in urgent shipments, the subsidiary Heyworld, which specialises in tailored solutions for the e-commerce sector, CB Customs Broker, the customs and customs clearance specialist, and the Lufthansa Groupâs 50% stake in the cargo airline AeroLogic. The MRO segment, represented by the Lufthansa Technik group, is a global provider of maintenance, repair and overhaul services for civil and commercial aircraft. The Catering segment consists of traditional catering and onboard retail along with food commerce activities.