Hamburger Hafen und Logistik AG Announces Board Changes; Approves Dividend Per Class A and Class S Shares
The Annual General Meeting of the company has resolved to pay a dividend of EUR 0.59 per listed Class A share. This corresponds to a dividend payout ratio equal to 65% of the profit after tax and minority interests. The figure is once again at the upper end of the dividend payout range of 50% to 70%, which remains a cornerstone of the company's dividend policy. The Annual General Meeting also resolved to distribute EUR 2.00 per Class S share for the unlisted Real Estate, subgroup. All of the Class S shares are held by the Free and Hanseatic City of Hamburg. HHLA is therefore distributing a combined total of EUR 46.7 million to the shareholders of the two subgroups for the last financial year.