German department stores operator Metro AG (MTAGF.PK, MTTRY.PK) said Friday that its Management Board decided to propose a dividend payment for the financial year 2012 of 1.00 euros per ordinary share, compared to 1.35 euros paid last year, and 1.06 euros per preference share, compared to 1.485 euros paid last year.
The dividend proposal of the Management Board of the company follows the development of the earnings per share before special items, which amounted to 1.89 euros in the financial year 2012, compared to 2.63 euros in the prior year.
The company stated that the dividend proposal confirmed METRO GROUP's overall solid development in the financial year 2012: 1.2% sales growth and a 694 million euros improvement in cash flow from operating and investing activities to 1.714 billion euros.
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