Dividend

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One of the highest dividend yields in the TecDAX

Since its IPO in 2000, Bechtle has been following a stable dividend policy that is focused on continuity. In the TecDAX, the company is still one of the few companies that have continued to distribute profits to shareholders every year since their IPO. This year, too, the shareholders are to participate in the company’s success. For the fiscal year 2008, the Executive Board and the Supervisory Board propose to the Annual General Meeting to distribute a dividend of 0.60 euro per share. The shares purchased by the company under the share buy-back programme are not entitled to dividends. As of 31 December 2008, the number of shares with dividend entitlement was 20,990,500. Thus, the amount to be distributed for the fiscal year 2008 amounts to 12,6 million euros. The dividend payout ratio would amount to 27.8 per cent of the group earnings after taxes and minority interests. However, this information pertains to the closing date and may still change if more shares are repurchased before the Annual General Meeting that will adopt the resolution concerning the dividend to be paid. In relation to the annual closing price, the dividend yield is 4.4 per cent. That makes Bechtle one of the top three companies in the TecDAX in the reporting period.