SAP AG (SAP) said that at the annual general meeting of shareholders, its shareholders has agreed all resolution items of the meeting's agenda.
The company said that its shareholders will receive a dividend of EUR 1.10 per share for the fiscal year 2011. This represents an increase of 83% to EUR 1.10 compared to last year's dividend of EUR 0.60. The dividend includes a special dividend of EUR 0.35 per share to celebrate SAP's 40th anniversary. The total amount distributed in dividends is around EUR 1.3 billion, compared to EUR 713 million paid in 2010. Payout will take place from May 24, 2012 onward.
The company said that its shareholders have formally approved of the acts of the Executive Board and of the Supervisory Board in fiscal year 2011, have consented to the system of Executive Board compensation.
The company's shareholders have agreed to elect KPMG as the auditor of the financial statements and group financial statements for fiscal year 2012. The Supervisory Board of SAP has been newly elected.
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