logo
Plus   Neg
Share
Email

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 RTTNews Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Quick Facts

Editors Pick
An administrative law judge has ruled that Minnesota regulators should approve Enbridge Inc.'s proposal to replace its aging Line 3 crude oil pipeline only if the company follows the existing route and not its preferred route. Enbridge has applied to replace its Line 3 pipeline from Alberta with new pipe along its existing route. In Minnesota, the planned route deviates from the existing route. CLICK HERE to see America's 10 Best-Selling Drugs Despite high drug costs, most of the top-selling drugs saw sales gains in 2017 compared to the prior year. A large number of the best-selling drugs are primarily for the treatment and management of cancer, diabetes, inflammatory disorders, and HIV... Most Americans have access to health care, though costs and services vary from state to state. However, higher costs do not necessarily translate into better results. The U.S. continues to be outperformed by other wealthy nations on several measures like life expectancy, disease burden and health...
Follow RTT