February 21, 2018 / 2:08 PM / 3 months ago

SAP hikes dividend payout to at least 40 percent of profit

FRANKFURT (Reuters) - German business software maker SAP said on Wednesday it had hiked its dividend payout ratio and proposed a 12 percent hike in its annual payout for 2017.

SAP logo at SAP headquarters in Walldorf, Germany, January 24, 2017. REUTERS/Ralph Orlowski/Files

Europe’s biggest technology company said it would now pay shareholders at least 40 percent of its annual profits, up from 35 percent.

It said it would pay a dividend of 1.40 euros per share for 2017, up 12 percent from a year earlier.

Reporting by Maria Sheahan; editing by Jason Neely

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