DGAP-News DIC Assets
DGAP-News: DIC Asset AG / Key word(s): AGM/EGM
22.03.2019 / 15:00
DIC Asset AG: Annual General Meeting Resolves Increased Dividend of EUR 0.48 per Share compared to last year while Company Maintains its Growth Trajectory
Frankfurt am Main, 22 March 2019. During its annual general meeting in Frankfurt am Main today, DIC Asset AG (WKN A1X3XX / ISIN DE000A1X3XX4), one of Germany’s leading listed property companies, resolved to distribute a dividend of EUR 0.48 per share for the 2018 financial year, which implies a dividend increase by around 10% compared to last year. With a dividend yield of 5.3% relative to the year-end share price, DIC Asset AG counts among the most profitable companies in the SDAX and the German real estate sector. Just like last year, shareholders have the choice of receiving their dividend either as cash payment or scrip dividend.
Sonja Wärntges, CEO of DIC Asset AG: “2018 gave DIC Asset AG yet another chance to demonstrate the profitability and dynamic of its hybrid business model. Against the background of the goals achieved and the sustainable business perspective, we are pleased to be able to disburse a regular dividend to our shareholders that is markedly higher than the one last year.”
In her key note, the CEO presented the facts and figures for 2018, emphasising the operational achievements of the financial year concluded. In the outlook for the year ahead, she reaffirmed the growth trajectory currently pursued.
“We still see considerable potential in our business divisions that we will raise to keep increasing our revenues, and our plans call for continued growth across all segments in 2019. Specifically, we anticipate an FFO of EUR 70 to 72 million and a volume of approx. EUR 500 million in acquisitions,” said Wärntges.
With 55.90 percent of the share capital represented, the Annual General Meeting approved the senior management’s proposals for all agenda items with large majorities (for a breakdown of the voting results, please see the table).
For more details on DIC Asset AG, visit the company’s homepage at www.dic-asset.de.
About DIC Asset AG:
In its Commercial Portfolio division (EUR 1.7 billion in assets under management), DIC acts as proprietor and property asset holder, and thus generates revenues both from the management of the assets and through the value optimisation of its own real estate portfolio. The Funds division (EUR 1.8 billion in assets under management) generates its revenues by acting as issuer and manager of special real estate funds for institutional investors. Gathered in the business unit Other Investments (EUR 2.1 billion in assets under management) are strategic financial investments, the management of properties in which the company holds no equity stakes, equity investments in property developments and joint venture investments. DIC Asset AG has been included in the SDAX(R) segment of the Frankfurt Stock Exchange since June 2006. The Company’s shares are also included in the EPRA index, which tracks the performance of the most important European real estate companies. (as of: 31 December 2018)
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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; Luxembourg Stock Exchange|
|End of News||DGAP News Service|