STUTTGART (dpa-AFX) - The office furniture retailer Takkt intends to keep its dividend stable. The Management Board is proposing a dividend of one euro per share at the previous year's level, the company announced in Stuttgart on Tuesday. This is made up of a basic dividend of 60 cents and a special dividend of 40 cents. The Supervisory Board still has to approve the proposal. The decision will be made at the Annual General Meeting on May 17.

Thanks to its very solid balance sheet and strong cash flow, the Group has sufficient financial resources for acquisitions and the ongoing share buyback program even after the dividend payment, the press release continued.

Investors' joy was very short-lived. After jumping to 13.80 euros, Takkt shares quickly returned to the level prior to the announcement. Most recently, the shares were unchanged from the previous day at 13.62 euros./he/ngu