CENIT AG: Management Board and Supervisory Board propose dividend of EUR 0.04 per share diverging from the previous dividend policy
March 27, 2024 at 03:21 pm EDT
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EQS-Ad-hoc: CENIT AG / Key word(s): Dividend
CENIT AG: Management Board and Supervisory Board propose dividend of EUR 0.04 per share diverging from the previous dividend policy
27-March-2024 / 20:19 CET/CEST
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The issuer is solely responsible for the content of this announcement.
CENIT AG: Management Board and Supervisory Board propose dividend of EUR 0.04 per share diverging from the previous dividend policy
Stuttgart, 27 March 2024 - The Management Board and Supervisory Board of CENIT AG have decided to propose to the 2024 Annual General Meeting that a dividend of EUR 0.04 per share be distributed from the net profit of EUR 7,014,781.41 for the 2023 financial year and that the remaining amount of EUR 6,680,071.09 be transferred to new account.
The background to this is the company's future capital requirements to pursue its growth and acquisition strategy. In the medium term, subject to the financial strategy aimed at maintaining a sustainable credit rating, the Management Board is aiming for a distribution of 50% of the balance sheet profit in line with the previous dividend policy. Finally, we would like to point out once again that we will publish our annual financial report for the 2023 financial year on 4 April 2024.
Additional information:
ISIN: DE0005407100
WKN: 540710
Ticker symbol: CSH
Market segment: Regulated market (Prime Standard) of the Frankfurt Stock Exchange
27-March-2024 CET/CEST The EQS Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Archive at www.eqs-news.com
Language:
English
Company:
CENIT AG
Industriestraße 52 - 54
70565 Stuttgart
Germany
Phone:
+49 (0)711 78 25 - 30
Fax:
+49 (0)711 78 25 - 4000
E-mail:
aktie@cenit.de
Internet:
www.cenit.com
ISIN:
DE0005407100
WKN:
540710
Listed:
Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Munich, Stuttgart, Tradegate Exchange
CENIT AG is a Germany-based company that provides information technology (IT) software and consultancy services for business processes in the manufacturing industry and financial service providers. The Company divides its business into two segments: Product Lifecycle Management (PLM) and Enterprise Information Management (EIM). The PLM segment concentrates on industrial customers and corresponding technology and focuses on the automotive, aerospace, mechanical engineering, and shipbuilding industries, products, and services in PLM, such as CATIA by Dassault System software or SAP and internally generated software, such as cenitCONNECT and FASTsuite. The EIM segment concentrates on the customer segment trade, banks, insurance, and providers. The focus is on products of the strategic software partner IBM and internally generated software and consulting services in the field of document management and business intelligence.