logo
Share SHARE
FONT-SIZE Plus   Neg

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.

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Quick Facts

Editors Pick
A Brazilian judge has ordered all wireless phone carriers in the country to block WhatsApp after the Facebook-owned messaging service failed to comply with an order asking to turn over data related to a criminal investigation. According to reports, the app, which is used by over 100 million Brazilians,... Amazon.com Inc. intends to bring its free same-day delivery to the Bronx and Chicago's South Side areas. The online retailer's plans comes after severe criticism were raised that the company unfairly left out some predominantly black and Hispanic areas from its Prime service. An analysis done by... Sprint Corp., the third largest U.S. wireless carrier, on Tuesday reported a loss for the fourth quarter that widened from last year on one-time charges and lower revenues. The latest quarter's results include charges related to severance and lease exit costs, including the shutdown of legacy WiMAX service that will free up valuable spectrum and immediately lower network costs.
comments powered by Disqus
Follow RTT