MTU AERO ENGINES AG PROPOSES INCREASED DIVIDEND OF €2.30
The Supervisory Board of MTU Aero Engines AG today accepted the Executive Board’s proposal to raise the company’s dividend to €2.30 per share. This proposal, which represents an increase of 30 euro cents, or 21%, compared with the previous year’s dividend, will be presented to the voting members of the Annual General Meeting on April 11, 2018.
“The proposed dividend increase takes account of the sustained positive development of business, with MTU once again posting record results for the financial year 2017. This is reflected in the highest dividend proposal since the company’s IPO,” said Supervisory Board chairman Klaus Eberhardt after the meeting to approve the annual financial statements. Reiner Winkler, CEO of MTU Aero Engines AG, added: “The fifth dividend increase in succession is our way of thanking our shareholders for placing their trust in us and at the same time documents the company’s long-term and sustained strength.”
The dividend will be paid out to shareholders on April 16, 2018, after approval by the Annual General Meeting.