IR-News details
MTU Aero Engines plans to raise dividend to 1.35 €
Munich, March 13, 2013 – At a meeting held earlier today, MTU Aero Engines Holding AG’s Supervisory Board and Board of Management agreed the dividend proposal for fiscal 2012 to be submitted for approval at the Annual General Meeting on May 3, 2013. Their proposal is to set the dividend at 1.35 € per share. “With this move, we continue MTU’s policy of paying dividends that reflect the company’s earnings performance,” said Chairman of the Supervisory Board Klaus Eberhardt. The proposed amount represents an increase in dividend of 13 %. For 2011, 1.20 € per share was distributed. “With this third consecutive increase in the dividend, we’d like to thank our shareholders for their trust,” added CEO Egon Behle. The dividend will be paid to the shareholders on May 6, 2013.
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About MTU Aero Engines
MTU Aero Engines, Germany’s leading engine manufacturer and the country’s only independent engine builder, is a global player in the industry. It designs, develops, manufactures, markets and supports commercial and military aircraft engines and industrial gas turbines. A technology leader, the company excels in low-pressure turbines and high-pressure compressors, as well as in manufacturing and repair techniques. MTU Maintenance is the world's largest independent provider of commercial engine maintenance, repair and overhaul services. In the military arena, MTU Aero Engines is Germany's industrial lead company for practically all engines flown by the country's armed forces. MTU has its headquarters in Munich and operates company locations around the globe. In fiscal 2012, it had a workforce of around 8,500 employees and posted consolidated sales of around 3.4 billion euros. Engines plans to raise dividend to 1.35 €