DGAP-News: Bastei Lübbe AG distributing record dividend after achieving best full-year earnings since going public
Cologne, 15 July 2022 Cologne-based general-interest publisher Bastei Lbbe AG (ISIN DE000A1X3YY0) yesterday held a physical annual general meeting for the first time in two years.
- Cologne, 15 July 2022 Cologne-based general-interest publisher Bastei Lbbe AG (ISIN DE000A1X3YY0) yesterday held a physical annual general meeting for the first time in two years.
- The total dividend stands at 5,280,040.00 euros, equivalent to a payout ratio of 47 percent of the distributable profits.
- Based on the closing price of 6.20 euros on 9 September 2022, this translates into a dividend yield of 6.5 percent.
- The Executive Board of Bastei Lbbe made use of the meeting with the shareholders to outline its future corporate strategy.