Dividend
Dividend policy
By means of its consistent dividend policy Lufthansa has for many years distributed a sustainable share of the Company’s positive performance directly to its shareholders. In accordance with this, dividend payments are primarily based on the Group’s operating profit, whereby a dividend ratio of 30 to 40 per cent is the target. The condition for a dividend payment being made is that the net profit for the year as reported in the individual financial statements under commercial law provisions (HGB), from which the dividend is paid, allows the distribution of a corresponding amount.
Information about dividend 2011
According to the financial statements for Deutsche Lufthansa AG a net loss of EUR 116m for the financial year 2011 was reported, which was largely (EUR – 571m) due to the negative result and valuation effects in connection with the disposal of bmi.
In spite of this, the Annual General Meeting voted on 8 May 2012 in favour of the proposal by the Executive Board and Supervisory Board to make a departure from the dividend policy and to pay a dividend of EUR 0.25 per share for the 2011 financial year. This distribution is intended to let shareholders participate in the operating performance of the year 2011 in a way that is justifiable for the Group’s financial profile and does not allow the operational success to be overcompensated by the valuation effects mentioned above. The loss in the individual financial statements brought about by the sale of bmi will in fact strengthen the Group’s profitability sustainably in the future.
Lufthansa Results and Dividend
Questions and Answers on the dividend 2011
On which shares will dividends be paid?
You will receive dividends on all those shares deposited in your custodian account on the day of the Annual General Meeting - 08 May 2012.
How and when will the dividend be paid?
Lufthansa will transfer the dividend to shareholders' accounts at the depositary banks on 09 May 2012 via Clearstream Banking AG, Frankfurt. This procedure applies to shares that are held in collective custody. The payout on those shares which are still held in certificate form will be made upon presentation of the dividend warrant No. 13 at the Company's cashier's office or at any of the branches of Commerzbank AG. The official dividend announcement were published on 09 May 2012 in the Federal Gazette and also here on the Internet.
What taxes must be paid?
Dividends are taxable for all shareholders according to the applicable statutory regulations. Capital gains tax and solidarity surcharge become due when the dividend payment is made (26.375% in total, consisting of capital gains tax of 25% plus 5.5% of the amount of capital gains tax as a solidarity surcharge).
In the case of shareholders resident in Germany, the dividend will be paid out without any deduction for capital gains tax and the solidarity surcharge if share-holders have submitted a certificate of non-assessment issued by their local tax office to their depositary bank. The same applies in full or in part to shareholders who have submitted a withholding exemption certificate to their depositary bank, as long as the exemption amount stipulated on the form has not already been exhausted by other capital gains.
In the case of non-German shareholders, the investment income tax withheld, incl. solidarity charge, can be lowered in accordance with the terms of existing agreements on the avoidance of double taxation between the Federal Republic of Germany and other countries. Applications for refunds of the reduction amount must be addressed to the Central Office of Taxes (Bundeszentralamt für Steuern) in Bonn.Where can I seek advice on matters relating to the dividend payment?
If your shares are held in collective custody, contact your depositary bank.
| 16/05/2012, 05:35 pm CET |
| LHA.XE: 8.69 EUR (-0.11 %) |
Gregor Schleußner
Senior Manager Investor Relations
+49 69 696 28012
gregor.schleussner(at)dlh.de
Johannes Hildenbrock
Investor Relations Manager
+49 69 696 28003
johannes.hildenbrock(at)dlh.de
Gregor Schleußner
Senior Manager Investor Relations
+49 69 696 28012
gregor.schleussner(at)dlh.de
Johannes Hildenbrock
Investor Relations Manager
+49 69 696 28003
johannes.hildenbrock(at)dlh.de
Anja Tott
Investor Relations Manager,
Annual General Meeting
+49 69 696 - 28009
anja.tott(at)dlh.de
Elisabeth Bär
Investor Relations Manager,
Annual General Meeting
+49 69 696 - 28005
elisabeth.baer(at)dlh.de
Patrick Winter
Investor Relations Manager,
Share register
+49 69 696 - 28006
patrick.winter(at)dlh.de
Andrea Heinen
Creditor Relations Manager
+49 69 696 - 72316
andrea.heinen(at)dlh.de
Stefan Rost
Creditor Relations Manager
+49 69 696 - 72318
stefan.rost(at)dlh.de