We have a strong financial foundation and involve our shareholders adequately in the Company’s success. We want to continue this profit-oriented dividend policy in the future and distribute an annual dividend of 80 % to 90 % of adjusted net income. At the same time, we adhere to the targeted leverage factor of 1.5 to 2.5. It indicates the level of netdebt in relation to LTM adjusted EBITDA - i.e. the EBITDA adjusted for reconciling items that the ProSiebenSat.1 Group has generated in the last twelve months (LTM = last twelve months).
The Executive Board is advising the Supervisory Board to propose an increased dividend of EUR 1.93 per share to the Annual General Meeting for the financial year 2017 (previous year: EUR 1.90). This corresponds to a pay-out ratio of 80.3% (previous year: 84.7%) and a dividend yield of 6.7% on the closing price of the ProSiebenSat.1 share at the end of 2017.
The effective dividend date is the date of the Annual General Meeting. Thus, all common shareholders who own ProSiebenSat.1 shares on this date are entitled to a dividend.
Dividend proposal (Annual Press Conference)
Dividend resolution (Annual General Meeting)
Number of shares in million1
Underlying earnings per share2
Dividend per dividend entitled common share
Dividend per dividend-entitled preference share
Payout in million3
1 The share capital of ProSiebenSat.1 Media SE amounts to EUR 233,000,000.00. As a result of a capital increase, it rose from EUR 218,797,200.00 to a nominal amount of EUR 233,000,000.00 with effect from November 7, 2016. In this capital increase, ProSiebenSat.1 made partial use of the company’s Authorized Capital and issued 14,202,800 new, registered shares. On 08/16/2013, the 109,398,600 bearer
preference shares that existed at that time had already been converted into registered common shares, with the effect that the share capital then totaling EUR 218,797,200.00 consisted of 218,797,200 registered common shares with a nominal share in the share capital of EUR 1.00 each. Today, all (233,000,000) of the company’s registered common shares are now tradable, i.e. both the formerly unlisted registered
common shares and the registered common shares resulting from the conversion of the bearer preference shares. Until 08/16/2013, only the bearer preference shares of the company were publicly traded.
2 For the financial year 2012, the basic earnings per bearer preference share are shown. After the merger of the share classes in August 2013, the basic earnings per registered common share are shown. The calculation is based on the underlying net income of continuing operations.
3 ProSiebenSat.1 Media SE held at the time of the Annual General Meeting preference shares as treasury stock. Shares directly or indirectly owned by the company are in accordance to § 71b AktG not entitled to receive a dividend.