Annual General Meeting of SMA Solar Technology AG Approves Dividend Payout of €1.30 per Share

published: 2012-05-23 10:49 | editor: | category: News

At the 2012 Annual General Meeting of SMA Solar Technology AG (SMA/FWB: S92) in Kassel, Germany, shareholders granted full discharge to the Managing Board and Supervisory Board for the 2011 fiscal year with a clear majority of more than 99 percent. The remaining items on the agenda were also passed with a large majority. About 450 shareholders attended the 2012 Annual General Meeting of SMA Solar Technology AG, and 83.27 percent of those with voting rights were present. The Annual General Meeting followed the suggestion of the Managing Board and Supervisory Board and approved the distribution of a dividend of €1.30 per qualifying bearer share for the 2011 fiscal year (2010: €3.00 per share).

“SMA is one of the highest-dividend solar stocks on the TecDax. The dividend payments also reflect the excellent results, which SMA achieved in the 2011 fiscal year in a difficult market environment,” explains Pierre-Pascal Urbon, Chief Executive Officer and Chief Financial Officer of SMA Solar Technology AG. With sales of €1.7 billion and earnings before interest and taxes (EBIT) of €240 million in 2011, SMA achieved the second-best results in the company’s history. The depository banks will begin dividend payments on May 23, 2012.

The presentation given by the CEO at the Annual General Meeting, along with further information, can be found on the Internet at www.sma.de/en/investor-relations/annual-general-meeting.

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