In preparation of the Financial Statements for fiscal 2011, the Executive Board of Continental AG has decided to propose to the Annual Shareholders’ Meeting, scheduled for April 27, 2012 in Hanover, a dividend payment of €1.50 per share.
Based on the approximately 200 million shares outstanding, the proposed amount to be distributed totals roughly €300 million. In relation to the consolidated net income of the Continental Corporation attributable to the shareholders of Continental AG, the payout ratio is about 24%.
In its meeting on March 13, the Supervisory Board of Continental AG will resolve upon the adoption of the Financial Statements for fiscal 2011 and the dividend payment proposal for the Annual Shareholders’ Meeting. The Audit Committee has recommended to the Supervisory Board also to propose a dividend payment of €1.50 per share.