Osram proposes an 'anniversary dividend' of 111 cents per share
Osram is proposing a higher dividend to the Annual General Meeting. "We have raised our dividend proposal for fiscal year 2017 to 111 cents per share. By doing so, we will allow our shareholders to benefit from our success following an excellent year and we can also celebrate the 111th anniversary of our brand," said Olaf Berlien, CEO of OSRAM Licht AG.
The Managing Board and Supervisory Board of OSRAM Licht AG are planning to put this proposal to the vote at the Annual General Meeting on February 20, 2018. The proposed dividend is 11 percent higher than the dividend paid for the previous year of €1.00 per share. Moreover, the target for the new fiscal year 2018 will now be a dividend of at least €1.11 per share too. The notice of the Annual General Meeting will be published in the German Federal Gazette and on the Company's website in early January 2018.
OSRAM with headquarters in Munich, Germany is a globally leading high-tech company with a history spanning more than 110 years. Primarily semiconductor-based products enable a wide diversity of applications ranging from virtual reality to autonomous driving and from smartphones to networked, intelligent lighting solutions in buildings and cities. OSRAM utilises the infinite possibilities of light to improve the lives of people and societies. With OSRAM innovations we will not only see better in the future but also communicate, travel, work and live better. OSRAM had approximately 26,400 employees worldwide with turnover exceeding 4.1 billion euros to the end of fiscal year 2017 (30 September). The company is listed on the Frankfurt am Main and Munich stock exchanges under WKN: LED 400 (stock exchange symbol: OSR). Further information can be found in the internet at www.osram.com.