Deutsche Pfandbriefbank AG: Deutsche Pfandbriefbank AG adopts policy for higher dividend distributions until 2019, and will propose a dividend of EUR 1.07 per share for 2017

Deutsche Pfandbriefbank AG adopts policy for higher dividend distributions until 2019, and will propose a dividend of EUR 1.07 per share for 2017

The Management Board and Supervisory Board of Deutsche Pfandbriefbank AG (pbb) resolved on a new dividend policy today: the current pay-out ratio of between 40% and 50% of consolidated profit after taxes in accordance with IFRS is set to be raised to a regular dividend of 50% plus a special dividend of 25%, until 2019 inclusive. In addition, for 2017 pbb wants to distribute net income (after taxes) over and above its original results guidance, in full. This would equate to a total dividend of EUR 1.07 per share and a pay-out ratio of 79%. The dividend policy is subject to regular review against legal and regulatory requirements, as well as in terms of commercial viability. In 2017, pbb generated profit before taxes of EUR 204 million (preliminary, unaudited consolidated figures in accordance with IFRS).