In general, Klöckner & Co SE follows a dividend policy of distributing 30% of consolidated net income before special items. We complied with this goal in 2006 and 2007 by distributing €0.80 per share each year. In fiscal year 2010 we resumed our Company’s general dividend policy by paying a dividend of €0.30 per share.
For fiscal year 2011, the Management Board and the Supervisory Board propose to the Annual General Meeting on May 25, 2012 the appropriation of the balance sheet profit to other revenue reserves and in light of the uncertain economic environment not to pay out a dividend in order to preserve liquidity. The Company plans to return to its normal dividend policy in the future subject to the appropriate earnings situation.
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