Munich, 21 June 2018 – The shareholders of Deutsche Pfandbriefbank AG (pbb) will receive a dividend of €1.07 per no-par value share entitled to dividend payments for the financial year 2017. This was approved by the company’s Annual General Meeting on Thursday. Based on the year-end Xetra closing price, this translates to a dividend yield of 8%. With a consolidated profit of €182 million after tax, in accordance with IFRS, and earnings per share of €1.35, this amounts to a payout ratio of 79%. As a result, the 2017 dividend and the payout ratio are above that of the previous year with a dividend of €1.05 and payout ratio of 72%.
The Annual General Meeting approved all items on the agenda. The actions of the Management Board and the Supervisory Board were approved with a large majority.
In 2017, pbb generated a pre-tax profit of €204 million (consolidated figures in accordance with IFRS). This is the second best result in the company’s history. The good result was driven by higher net interest income and lower loan loss provisions for the credit portfolio. At €11.6 billion, new business was also at a high level (new business including extensions beyond one year).
The initial attendance rate was around 62.5% of the share capital.
Media Contacts
Walter Allwicher, +49 89 2880-28787, walter.allwicher(at)pfandbriefbank.com
Nina Lux, +49 89 2880-11496, nina.lux(at)pfandbriefbank.com