Schaeffler's Virtual Annual General Meeting Sparked Interest

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Virtual annual general meeting met with great interest / Dividend distribution of 45 eurocents per preferred share / New remuneration system for the board

Schaeffler AG’s virtual Annual General Meeting sparked intense interest. At its peak, around 600 shareholders participated in the broadcast of the Annual General Meeting. The meeting approved a dividend of 45 eurocents per non-voting common share. The payout ratio was around 43 percent, which is within the target corridor of 30 to 50 percent based on the consolidated earnings attributable to shareholders before special items. “The proposed dividend is the result of careful balancing of interests. In our view, it is fair and appropriate to let shareholders participate in the success of the past year. Our... ... More: Official Press Release Schaeffler

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Schaeffler, virtuel, meeting, general meeting, dividend, remuneration system, board, members, share, company