Quick Facts
FONT-SIZE Plus   Neg
Share SHARE

ANDRITZ AGM Approves Substantial Dividend Increase, Stock Split

ANDRITZ AG said Thursday that its annual general meeting of shareholders agreed to a dividend payment of 2.20 euros per share for the 2011 business year, which is an increase of 29% compared to the dividend of 1.70 euros per share for the 2010 business year.

Ex-dividend date is March 26, the date of dividend payment March 28.

The company's annual general meeting also agreed to split the shares in a ratio of 1:2, whereby the number of shares will increase to 104 million and the proportionate amount of the capital stock will be 1.- Euro per no-par value share in the future. The corresponding adjustment of the share price at the Vienna Stock Exchange is planned to take place on April 23.

Christian Nowotny, who has been a member of the ANDRITZ Supervisory Board since 1999, was reappointed to the board.

All items on the agenda were approved by the shareholders present at the meeting.

Click here to receive FREE breaking news email alerts for Andritz AG and others in your portfolio

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Quick Facts

Editors Pick
Beverages giant Coca-Cola Co. reported Tuesday a profit for the third quarter that decreased 14 percent from last year, despite higher worldwide volumes, reflecting a revenue drop. Adjusted earnings per share matched analysts' expectations, even as quarterly revenues missed their estimates. Following the announcement, the company's shares are trading more than five percent lower in early deals. Apple Inc. said Monday that its fourth quarter profit rose 13% from last year, driven by strong sales of its iPhones and Mac computers. The company's quarterly earnings per share also came in above analysts' expectations as did its quarterly sales. At the same time, the company gave an upbeat revenue forecast for the current quarter, which includes the all important holiday season. Programmable chipmaker Xilinx Inc. (XLNX) said Thursday after the markets closed that its second quarter profit rose 21% from last year, helped by higher revenue and better cost control. The company's quarterly earnings per share also came in above analysts' expectations as did its quarterly revenue....
comments powered by Disqus
FREE Newsletters, Analysis & Alerts

 

Stay informed with our FREE daily Newsletters and real-time breaking News Alerts. Sign up to receive the latest information on business news, health, technology, biotech, market analysis, currency trading and more.