pbb shareholders receive a dividend of € 0.95 per share

  • Dividend yield of over 10 %
  • Dr. Louis Hagen appointed Chairman of the Supervisory Board

Shareholders of Deutsche Pfandbriefbank AG (pbb) followed the proposals of the Management Board and Supervisory Board in all respects at the virtual Annual General Meeting on Thursday. Thus, the Annual General Meeting approved the distribution of a dividend of € 0.95 per no-par value share entitled to dividend, i.e. a total of around € 128 million. As a result, pbb maintains the payout ratio of 75% (of the IFRS consolidated net profit after tax attributable to ordinary shareholders & AT1-Coupon). The dividend is composed of 50% regular dividend and 25% special dividend. The dividend paid corresponds to a dividend yield of more than 10% based on the current share price.

The Annual General Meeting also elected Dr. Louis Hagen as a member of the Supervisory Board. He was subsequently elected Chairman by the Supervisory Board. In addition, Prof. Dr. Kerstin Hiska Hennig was confirmed as a member of the Supervisory Board.

Attendance was 27% of the capital stock.