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

24 Articles
Editors Pick
Shares of thyssenKrupp AG were gaining around 2 percent in the morning trading in Germany after the steel giant Thursday said it expects clearly positive net income and significantly higher adjusted EBIT, a key earnings metric, in fiscal 2018. This was after reporting higher adjusted EBIT, sales and order intake in its fiscal 2017, despite a net loss due to charges. Senator Lisa Murkowski, R-Alaska, has expressed support for repealing Obamacare's individual mandate, a key provision Senate Republicans are hoping to use to offset the cost of their tax reform bill. The Congressional Budget Office estimates repealing the requirement that nearly all Americans purchase... Automotive startup Divergent 3D said that a Chinese-led investment syndicate has agreed to commit up to $107 million in financing through a new investment round. Hong Kong-based investment holding company, O Luxe Holdings Limited, led the investment group, which includes Horizons Ventures, Shanghai Alliance Investment Limited and Altran Technologies.
comments powered by Disqus
Follow RTT