DAX-stock and German enterprise software maker SAP (SAP.XETRA) announced that it will rais its dividend to €1.58 per share for the fiscal year 2019, which is an increase of 5.3% from last year’s dividend of €1.50. The 2019 fiscal year dividend will be due for payment on May 26, 2020.
This will be the 10th consecutive year of dividend increases. The current dividend yield is 1.2%.
SAP also announced a share buyback program of 1.5 billion euros, which should be completed by 31 December.
Source: SAP Press-release