DGAP-Ad-hoc: HeidelbergCement AG / Key word(s): Dividend
HeidelbergCement AG: Managing Board and Supervisory Board of HeidelbergCement AG adjust the original dividend proposal for the 2019 financial year from ? 2.20 to ? 0.60 per share

07-May-2020 / 06:55 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.


In view of the scope and extent of the Corona crisis and the still high level of uncertainty regarding future developments, the Managing Board and the Supervisory Board of HeidelbergCement AG have decided to suspend the progressive dividend policy for the time being. The aim is to maintain the good financial profile of the Company.

Against this background, the Managing Board and the Supervisory Board will propose a dividend of ? 0.60 per share for the 2019 financial year to the Annual General Meeting on 4 June 2020. Originally, the dividend proposal was ?2.20 per share. As a result, 317 million ? from the originally proposed dividend payment of ?437 million will remain in cash with the Company.

The Company reaffirms its fundamental position of returning to its previous dividend policy once the Corona crisis has been overcome, with a dividend that will at least remain constant or rise in the medium term to approx. 40% in relation to the Group's share of profit.

Heidelberg, 7 May 2020

HeidelbergCement AG
The Managing Board




Contact:
HeidelbergCement AG
Group Communication & Investor Relation
Christoph Beumelburg
Tel.: +49 6221 481 13249
Fax: +49 6221 481 13217
ir-info@heidelbergcement.com

Berliner Straße 6
69120 Heidelberg
Germany

07-May-2020 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
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Language: English
Company: HeidelbergCement AG
Berliner Straße 6
69120 Heidelberg
Germany
Phone: +49 (0)6221 481-0
Fax: +49 (0)6221 481-13217
E-mail: info@heidelbergcement.com
Internet: www.heidelbergcement.com
ISIN: DE0006047004
WKN: 604700
Indices: DAX30
Listed: Regulated Market in Dusseldorf, Frankfurt (Prime Standard), Munich, Stuttgart; Regulated Unofficial Market in Berlin, Hamburg, Hanover, Tradegate Exchange
EQS News ID: 1038111

 
End of Announcement DGAP News Service

1038111  07-May-2020 CET/CEST

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