DIC Asset AG: Virtual Annual General Meeting 2021 Approves Dividend in the Amount of EUR 0.70 per Share

DGAP-News: DIC Asset AG / Key word(s): AGM/EGM/Dividend DIC Asset AG: Virtual Annual General Meeting 2021 Approves Dividend in the Amount of EUR 0.70 per Share 24.03.2021 / 13:20 The issuer is solely responsible for the content of this announcement. Press Release DIC Asset AG: Virtual Annual General Meeting 2021 Approves Dividend in the Amount of EUR 0.70 per Share All items of business approved by large majorities Payout ratio raised to 57% of funds from operations (FFO) Choice between scrip dividend and cash dividend, like in prior years Frankfurt am Main, 24 March 2021. DIC Asset AG (ISIN: DE000A1X3XX4), one of Germany's leading listed property companies, hosted its 2021 annual general meeting today, during which all items of business were approved by large majorities. Just like last year, the changed legal situation in response to the COVID-19 pandemic made it necessary to convene the annual general meeting entirely as an online event, without shareholders, proxies and guests in physical attendance. In her keynote address, CEO Sonja Wärntges emphasised the accomplishments of the challenging 2020 financial year before providing an outlook on the company's medium-term goals and future themes: "We merged several guidelines of our growth agenda, and anchored our ESG policy, which links environmental, social and governance criteria, in a strategy-relevant department that is now an integral part of our organisation. Another important task in conjunction with our strategic and operational upgrade is the accelerated digitisation and development of services that we will offer as products in combination with a given property. We will take on the future with the same degree of creativity, speed and reliability that we used to achieve, and indeed surpass, our objectives even in 2020." The dividend approved for the 2020 financial year amounts to EUR 0.70 and implies a 6% year-on-year increase (previous year: EUR 0.66). The payout ratio has increased to 57% of the funds from operations (FFO) (previous year: 50%). As in previous years, shareholders may choose to receive their dividends either in cash or in the form of new shares (scrip dividend). Relative to the XETRA closing price of the previous day, this results in a dividend yield of 4.4%. In other resolutions, the actions of Management Board and Supervisory Board during the 2020 financial year were approved, the auditor for the 2021 financial year elected, and the presented remuneration systems for Management Board and Supervisory Board approved. About DIC Asset AG: DIC Asset AG is Germany's leading listed specialist for commercial real estate with more than 20 years of experience on the real estate market and access to a broad-based network of investors. Our business is based on a regional and inter-regional real estate platform with eight offices on the ground in all major German markets. We manage 225 assets with a combined market value of c. EUR 10.3 billion on site, always close to our properties and their occupiers. The Commercial Portfolio segment (EUR 2.0 billion in assets under management) represents the proprietary real estate portfolio of DIC Asset AG. Here, we generate constant cash flows from stable rent revenues on long-term leases while also optimising the value of our portfolio assets through active management and realising gains from sales. In the Institutional Business segment (EUR 8.3 billion in assets under management), we earn recurrent fees from real estate services we provide to national and international institutional investors by structuring and managing investment vehicles that return attractive dividend yields. DIC Asset AG has been SDAX-listed since June 2006. IR Contact DIC Asset AG: Peer Schlinkmann Head of Investor Relations & Corporate Communications Neue Mainzer Strasse 20 D-60311 Frankfurt am Main Phone [phone] [e-mail] 24.03.2021 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG. The issuer is solely responsible for the content of this announcement. The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Archive at www.dgap.de

Language:	English
Company:	DIC Asset AG
	Neue Mainzer Straße 20
	60311 Frankfurt am Main
	Germany
Phone:	[phone]
Fax:	[phone]
E-mail:	[e-mail]
Internet:	www.dic-asset.de
ISIN:	DE000A1X3XX4, DE000A12T648, DE000A2GSCV5, DE000A2NBZG9
WKN:	A1X3XX, A12T64, A2GSCV, A2NBZG
Indices:	S-DAX
Listed:	Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover, Munich, Stuttgart, Tradegate Exchange; Luxembourg Stock Exchange
EQS News ID:	1177963

End of News	DGAP News Service

1177963  24.03.2021