The overriding objective of the Group is to generate an attractive total shareholder return for its shareholders. The Group targets a maximization of total shareholder return along various components, which particularly includes an increase in earnings growth next to an attractive dividend yield.
The Group thus intends to pay out 50% of adjusted net income as a dividend (previously 80% to 90%) for the first time in the financial year 2018 (to be paid in 2019). ProSiebenSat.1 will use the funds thus released primarily for earnings-increasing investments in organic and inorganic
growth.
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).
In line with the distribution policy, the Executive Board and the Supervisory Board will propose a dividend of 50% of adjusted net income or EUR 0.49 per share to the Annual General Meeting for financial year 2020. This corresponds to a dividend yield of 3.6% based on the closing price of the ProSiebenSat.1 share at the end of 2020.
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.
|
03/04/2021 |
Dividend proposal (Annual Press Conference) |
|
06/01/2021 |
Dividend resolution (Annual General Meeting) |
|
06/02/2021 |
Ex-dividend quotation |
|
06/07/2021 |
Dividend pay-out |
In Euro |
2019 |
2018 | 2017 | 2016 |
2015 |
|---|---|---|---|---|---|
|
IFRS |
IFRS |
IFRS |
IFRS |
IFRS |
|
|
Number of shares in million1 |
233.0 |
233.0 |
233.0 |
233.0 |
218.8 |
|
Underlying earnings per share |
1.71 |
2.36 |
2.402 |
2.472 |
2.19 |
|
Dividend per dividend entitled common share |
0.04 |
1.19 |
1.93 |
1.90 |
1.80 |
|
Payout in million3 |
04 |
269 |
442 |
435 |
386 |
|
Payout ratio |
04 |
~50% |
80.3% |
84.7% |
82.6% |
|
Ex-dividend date |
- |
06/13/2019 |
05/17/2018 |
05/15/2017 |
07/01/2016 |
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 2017, basic earnings per share were detemined on the basis of adjusted net income from continuing operations. For reason of comparison, the previous year's figure 2016 has been adjusted accordingly (previously: EUR 2.37). Further infomation on reporting and accounting policies is contained in the Strategy and Management System section of the Annual Report.
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.
4 At the Annual General Meeting on June 10, 2020, the shareholders of ProSiebenSat.1 Media SE agreed to the Executive Board's and Supervisory Board's proposal to carry forward the full amount of the balance sheet profits of financial year 2019 to the new accounting period. This measure was part of stringent financial management in an evirinment affected by COVID-19. The Group thus secured additional liquidity of EUR 192 million, which was originally earmarked for the dividend distribution
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