ENCAVIS AG
Capital Stage AG increases dividend for 2016 and announces dividend strategy
Capital Stage AG / Key word(s): Dividend/Dividend Capital Stage AG increases dividend for 2016 and announces dividend strategy
The Management Board and the Supervisory Board of Capital Stage AG intend to propose to the Annual General Meeting on 18 May 2017 an increase in the dividend for the 2016 financial year to EUR 0.20 per no par value share with dividend rights (2015: EUR 0.18). On the basis of the current share price, this corresponds to a dividend yield of around 3.2 percent. Again, the dividend is to be offered to the shareholders of the company as a scrip dividend either in cash or in the form of shares of Capital Stage AG. Dividend policy for the next 5 years Furthermore, the Management Board and the Supervisory Board of Capital Stage AG adopted a dividend strategy for for the next five years: This provides for a continuous increase in the dividend of Capital Stage AG resulting in a dividend increased by 50% to be paid per no par value share with dividend rights in five years (EUR 0.30). The dividend strategy thus reflects the increase in cash flows from the solar and wind parks. Their interest expense is reduced continuously over the years according to a fixed redemption plan and leads to a corresponding steady increase in earnings. About Capital Stage AG: Since 2009, Capital Stage has been investing in and operating solar and wind parks, now with installations in Germany, France, Finland, the United Kingdom, Italy, Austria and Sweden. Including solar and wind parks acquired and operated as part of the asset management business for third parties, the company’s generation capacity totals more than 1.2 GW. This makes Capital Stage one of Europe’s leading independent solar and wind park operators. With its solar and wind parks, the company generates attractive yields as well as continuous and predictable income. The Capital Stage AG share is listed on the regulated market (Prime Standard) of the Frankfurt Stock Exchange and on the regulated market of the Hamburg stock exchange (ISIN: DE0006095003 / WKN: 609500). Since 2014, the Capital Stage AG share has been included in the SDAX index of Deutsche Börse. You can find further information on the company at www.capitalstage.com. Contact: Till Gießmann Head of Investor & Public Relations ———————————————————— Capital Stage AG Große Elbstraße 59 22767 Hamburg Fon: + 49 40 37 85 62-242 Fax: + 49 40 37 85 62-129 e-mail: till.giessmann@capitalstage.com http://www.capitalstage.com
31-March-2017 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. |
Language: | English |
Company: | Capital Stage AG |
Große Elbstraße 59 | |
22767 Hamburg | |
Germany | |
Phone: | +49 4037 85 62 -0 |
Fax: | +49 4037 85 62 -129 |
E-mail: | info@capitalstage.com |
Internet: | www.capitalstage.com |
ISIN: | DE0006095003 |
WKN: | 609500 |
Indices: | SDAX |
Listed: | Regulated Market in Frankfurt (Prime Standard), Hamburg; Regulated Unofficial Market in Berlin, Dusseldorf, Munich, Stuttgart, Tradegate Exchange |
End of Announcement | DGAP News Service |
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