The executive and supervisory boards of PALFINGER AG propose a dividend of EUR 0.35 per share for the 2019 financial year
08.06.2020
At today's supervisory board meeting, the supervisory board of PALFINGER AG decided to propose a dividend of EUR 0.35 per share for the 2019 financial year at the 32nd annual general meeting to be held on August 5, 2020. The supervisory board thus follows the proposal of the executive board in accordance with the executive board’s decision on the same day. The total amount of the proposed profit distribution is EUR 13,157,640.30.
Since its stock exchange listing in 1999, PALFINGER AG has pursued a stable dividend policy with a payout ratio of around one third of the net profit generated. As further effects of the global corona pandemic on PALFINGER AG are currently difficult to assess, the proposed appropriation of earnings is around 50 percent lower than the dividend of EUR 0.71 per share originally proposed at the annual general meeting held in February 2020.
The annual general meeting of PALFINGER AG takes place online on August 5, 2020.
With innovative lifting solutions, PALFINGER sets standards worldwide. The leading technology and engineering company turns customer needs into seamlessly integrated solutions. A broad product portfolio and regional footprint drive balanced profitable growth. With its promise of Lifetime Excellence, PALFINGER delivers top performance throughout the entire product lifecycle.
Around 12,350 employees, 30 international manufacturing sites, and a global distribution and service network ensure worldwide proximity to the market.
PALFINGER AG has been listed on the Vienna stock exchange since 1999 and achieved a revenue of EUR 2.36 billion in 2024.
For further information please contact:
Hannes Roither | Group Spokesperson | PALFINGER AG
T +43 662 2281-81100 | h.roither@palfinger.com
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