06.05.1999
Supervisory and Executive boards propose unchanged dividend per share for 1998
Total dividend payout rises by 34 percent to Euro 334.7 m (DM 654.6 m)
The Supervisory and Executive boards of METRO AG, Cologne, will propose to the Annual Stockholders’ Meeting on 6 July 1999 the distribution of an unchanged dividend of Euro 1.02 (DM 2.00) for common stocks and Euro 1.08 (DM 2.11) for preferred stocks. Due to the capital measures carried out in 1998, which resulted in a substantially higher number of shares, the total dividend payout would increase by 34% to Euro 334.7 m (DM 654.6 m).
METRO AG achieved a result from ordinary operations of DM 1.13 bn (+21.8%) on sales of DM 91.7 bn in 1998.
Further information regarding the audited accounts for fiscal year 1998 will be presented by the Executive Board at its balance sheet press conference/analysts meeting on 26 May 1999. The Annual General Meeting will be held on 6 July 1999 in Cologne, Messe, Congress-Halle 8.
