ANDRITZ AG Annual General Meeting approves dividend increase to 1.55 euros per share
At today’s 111th Annual General Meeting of ANDRITZ AG, the shareholders agreed to raise the dividend to 1.55 euros per share for the 2017 business year (2016: 1.50 euros per share). This is equal to a payout ratio of around 60.1% and a dividend yield of approximately 3.2%, respectively, based on the current ANDRITZ share price.
The ex-dividend date is March 27, 2018, and the date of dividend payment is March 29, 2018. All items on the agenda were approved by the shareholders present at the meeting.
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ANDRITZ is a globally leading supplier of plants, equipment, and services for hydropower stations, the pulp and paper industry, the metal working and steel industries, and for solid/liquid separation in the municipal and industrial segments. Other important fields of business are animal feed and biomass pelleting, as well as automation, where ANDRITZ offers a wide range of innovative products and services in the IIoT (Industrial Internet of Things) sector under the brand name of Metris. In addition, the international technology Group is active in power generation (steam boiler plants, biomass power plants, recovery boilers, and gasification plants) and environmental technology (flue gas cleaning plants) and offers equipment for the production of nonwovens, dissolving pulp, and panelboard, as well as recycling plants.
A passion for innovative technology, absolute customer focus, reliability, and integrity are the central values to which ANDRITZ commits. The listed Group is headquartered in Graz, Austria. With over 160 years of experience, 25,600 employees, and more than 250 locations in over 40 countries worldwide, ANDRITZ is a reliable and competent partner and helps its customers to achieve their corporate and sustainability goals.