SAP News on Dividends and Candidates for Shareholder Representatives
The Supervisory Board and the Executive Board of SAP have decided to propose a dividend of €2.20 per share to shareholders for the financial year 2023. The proposed dividend corresponds to an increase of EUR 0.15 or 7.3% compared to the dividend for the 2022 financial year. Subject to shareholder approval and assuming the same number of treasury shares as on December 31, 2023, the total distribution to shareholders would amount to approximately EUR 2.568 billion (2022: EUR 2.393 billion). This corresponds to a payout ratio of 43.1% (2022: 39.6%). SAP's dividend policy is to distribute at least 40% of profit after tax.
The following dates are relevant for the distribution of the dividend: Record date for the dividend payment is May 15, 2024; ex-dividend date is May 16, 2024; and payment of the dividend is May 21, 2024.
Elections to the Supervisory Board
As announced, on February 11, 2024, the Supervisory Board proposed Pekka Ala-Pietilä as shareholder representative on the SAP Supervisory Board for election at the 2024 Annual General Meeting.
The Supervisory Board has also nominated the following candidate for election: Ralf Herbrich. Aicha Evans, Gerhard Oswald and Friederike Rotsch were nominated for re-election.
Ralf Herbrich (49) is Managing Director and Professor of Artificial Intelligence and Sustainability at the Hasso Plattner Institute for Digital Engineering, based in Potsdam, Germany. If elected, his term of office would end in 2028.
Aicha Evans (54) is Chief Executive Officer and member of the Board of Directors at Amazon's self-driving car subsidiary Zoox, headquartered in Foster City, California, USA. If re-elected, her term of office would end in 2028.
Gerhard Oswald (70) is Managing Director of Oswald Consulting, headquartered in Walldorf, Germany. He is also a lecturer at the Technical University of Munich, Germany. If re-elected, his term of office would end in 2026.
Friederike Rotsch (51) is Chief Legal Officer (Group General Counsel) at Deutsche Bank in Frankfurt, Germany. If re-elected, her term of office would end in 2028 and she would continue to serve as Lead Independent Director (LID).
