Plus   Neg

Deutsche Wohnen Shareholders Vote In Favour Of 5% Reduced Dividend At AGM

German real estate firm Deutsche Wohnen AG (DWHHF.PK) announced Friday that shareholders vote at its Annual General Meeting for reduced dividend and make a clear commitment to solidarity in the coronavirus crisis.

The shareholders supported the proposal of the Management and Supervisory Boards to pay out a dividend of 0.90 euros per share. This corresponds to a reduction of the originally planned payout ratio by 5 percentage points to 60%.

Deutsche Wohnen will be using the difference to finance a 30 million euro Coronavirus relief fund, which was announced back in March. It is intended to use this fund to provide unbureaucratic help, particularly to commercial and residential tenants as well as business partners who have got into financial difficulties as a result of the coronavirus crisis.

The Annual General Meeting was conducted for the first time in a virtual format to protect the health of shareholders. Resolutions on all the agenda items were passed with a clear majority.

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
Amazon.com, Inc. can be held liable for damages caused by defective goods sold on its Marketplace including third parties, according to a ruling by a California appeals court. The California Fourth District Court of Appeals was pronouncing the ruling in a case where a defective replacement laptop battery caught fire and inflicted a woman with third-degree burns. Facebook has launched "Voting Information Center" on Facebook and Instagram platforms, with a view to boosting the number of Americans vote in the upcoming U.S. presidential election in November. The social media giant's latest initiative is expected to help 4 million voters register this year, and help them navigate a 'confusing election process'. Epic Games Inc., the developer of popular game Fortnite, has filed lawsuits against both Apple Inc. and Google after they removed the game from their app stores. The development reflects disputes related to app store fee the tech giants take from each purchase. Epic Games, which has been against the 30 percent revenue cut the two tech giants take from paid apps, added a direct payment option.
Follow RTT