Deutsche Pfandbriefbank AG: Deutsche Pfandbriefbank AG adopts policy for higher dividend distributions until 2019, and will propose a dividend of EUR 1.07 per share for 2017
March 01, 2018 at 08:40 am EST
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DGAP-Ad-hoc: Deutsche Pfandbriefbank AG / Key word(s): Dividend
Deutsche Pfandbriefbank AG: Deutsche Pfandbriefbank AG adopts policy for higher dividend distributions until 2019, and will propose a dividend of EUR 1.07 per share for 2017
01-March-2018 / 14:33 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.
Deutsche Pfandbriefbank AG adopts policy for higher dividend distributions until 2019, and will propose a dividend of EUR 1.07 per share for 2017
The Management Board and Supervisory Board of Deutsche Pfandbriefbank AG (pbb) resolved on a new dividend policy today: the current pay-out ratio of between 40% and 50% of consolidated profit after taxes in accordance with IFRS is set to be raised to a regular dividend of 50% plus a special dividend of 25%, until 2019 inclusive. In addition, for 2017 pbb wants to distribute net income (after taxes) over and above its original results guidance, in full. This would equate to a total dividend of EUR 1.07 per share and a pay-out ratio of 79%. The dividend policy is subject to regular review against legal and regulatory requirements, as well as in terms of commercial viability. In 2017, pbb generated profit before taxes of EUR 204 million (preliminary, unaudited consolidated figures in accordance with IFRS).
Contact:
Walter Allwicher
Head of Communications
+49 (0) 89 2880 28 787
01-March-2018 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Archive at www.dgap.de
Language:
English
Company:
Deutsche Pfandbriefbank AG
Freisinger Strasse 5
85716 Unterschleissheim
Germany
Phone:
+49 (0) 89 2880 28 201
Fax:
+49 (0) 89 2880 22 28 201
E-mail:
info@pfandbriefbank.com
Internet:
http://www.pfandbriefbank.com
ISIN:
DE0008019001, Die internationalen Wertpapierkennnummern (ISIN) weiterer von der Deutsche Pfandbriefbank AG ausgegebener Finanzinstrumente sind abrufbar auf der Website der Deutsche Pfandbriefbank AG unter https://www.pfandbriefbank.com/investoren/pflichtveroeffentlichungen/ad-hoc-mitteilungen/liste-weiterer-finanzinstrumente.html. The International Securities Identification Numbers (ISINs) of further, financial instruments issued by Deutsche Pfandbriefbank AG are available on Deutsche Pfandbriefbank's Investor Relations website under https://www.pfandbriefbank.com/en/investors/mandatory-publications/ad-hoc-announcements/list-of-further-financial-instruments.html
WKN:
801900
Indices:
MDAX
Listed:
Regulated Market in Frankfurt (Prime Standard), Munich, Stuttgart; Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover; London, Dublin, Mailand, Paris, Luxemburg, SIX
Deutsche Pfandbriefbank AG is a Germany-based bank for real estate finance and public investment finance. The Company is engaged in three core business areas: Public Sector Finance, Real Estate Finance and Debt Instruments. Public Sector Finance includes the financing of public sector investments in the fields of infrastructure, municipal and residential construction, utilities and healthcare. In addition, it provides investment lending and debt management. Real Estate Finance includes real estate investment funding and financing instruments, such as financing investment projects, portfolio financing, standby facilities and derivatives. Debt Instruments includes fixed income bonds involving issuing mortgage and public sector debentures. The Company is active in Europe, notably in France, the United Kingdom, Benelux countries, Nordic countries, Switzerland, Spain, Hungary, and the Czech Republic. The Company is a part of the HRE Group, which is wholly owned by the German government.
Deutsche Pfandbriefbank AG: Deutsche Pfandbriefbank AG adopts policy for higher dividend distributions until 2019, and will propose a dividend of EUR 1.07 per share for 2017
DEUTSCHE PFANDBRIEFBANK AG 
