DGAP-News DIC Assets
DGAP-News: DIC Asset AG / Key word(s): AGM/EGM
11.07.2017 / 15:46
Annual General Meeting of DIC Asset AG Approves Dividend Increase by 8 Percent
Frankfurt/Main, 11 July 2017. During its annual general meeting in Frankfurt am Main today, DIC Asset AG (WKN A1X3XX / ISIN DE000A1X3XX4) resolved to distribute a dividend of EUR 0.40 per share for the 2016 financial year (2015: EUR 0.37). The company thus maintains the continuity of dividends it has shown in recent years as it raised its distribution for the third consecutive time. Based on the share price at the end of June, the dividend yield equals more than 4 percent. The Management Board also announced that the FFO forecast has been raised to EUR 59-61 million for the financial year to date, which implies a significant increase by 30 percent over prior year. Moreover, the Management Board advised the shareholders in attendance that RAG Foundation has expanded its equity interest in DIC Asset AG to more than 10 percent.
Attendance at the annual general meeting represented 58.07 percent of the share capital. All agenda items were adopted by majority vote (for a detailed list of the voting results, please see the table below). Prof. Dr. Gerhard Schmidt, Klaus-Jürgen Sontowski and Michael Bock were re-elected to the company’s Supervisory Board.
“2016 was another successful financial year for us. The basis underlying this success is our growth strategy with its hybrid business model, which consists of the Commercial Portfolio and Fund Management. Our long-term objective is to generate revenues in equal parts from our directly held properties and from our indirectly held fund properties as income from management fees. This two-pillar strategy has been consistently profitable and largely uncoupled from market cycles,” said Aydin Karaduman, the CEO of DIC Asset AG.
DIC remains an extremely attractive real estate investment marked by a reliable continuity of dividends, and once again ranking in the top segment of listed companies in Germany.
“The performance is bolstered by the palpable trust our shareholders have shown us. The recent decision of the RAG Foundation to raise its equity stake in DIC to 10.01 percent is warmly welcomed by us, as we believe it reaffirms our work so far and our sustainable growth strategy,” Aydin Karaduman went on to say.
For more details on DIC Asset AG, visit the company’s homepage at www.dic-asset.de.
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|Company:||DIC Asset AG|
|Neue Mainzer Straße 20 * MainTor|
|60311 Frankfurt am Main|
|Phone:||+49 69 9454858-1462|
|Fax:||+49 69 9454858-9399|
|ISIN:||DE000A1X3XX4, DE000A1TNJ22, DE000A12T648|
|WKN:||A1X3XX, A1TNJ2, A12T64|
|Listed:||Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover, Munich, Stuttgart, Tradegate Exchange|
|End of News||DGAP News Service|