SAP Proposes Dividend of €2.35 per Share

Rhea-AI Summary

SAP SE has proposed a dividend of €2.35 per share for fiscal year 2024, representing a 6.8% increase from the previous year's €2.20. The total dividend distribution would amount to approximately €2.741 billion, with a pay-out ratio of 51.9%, up from 43.0% in 2023.

The dividend payment schedule includes a record date of May 13, 2025, an ex-dividend date of May 14, 2025, and a payment date of May 16, 2025. For ADR holders, the final dividend amount will depend on the euro/US dollar exchange rate at the time of conversion by the depositary bank.

The company maintains a dividend policy of distributing at least 40% of non-IFRS profit after tax from continuing operations to shareholders.

Positive

• Dividend increased by 6.8% to €2.35 per share
• Total dividend distribution increased to €2.741 billion from €2.565 billion
• Pay-out ratio improved to 51.9% from 43.0%
• Pay-out ratio exceeds company's minimum policy of 40%

Negative

• None.

WALLDORF, Germany, Feb. 20, 2025 /PRNewswire/ -- The Supervisory Board and Executive Board of SAP SE (NYSE: SAP) recommend that shareholders approve a dividend of €2.35 per share for fiscal year 2024. This is an increase of €0.15, or 6.8% compared to the dividend paid for fiscal year 2023 (€2.20). If approved by shareholders and assuming the same level of treasury shares at the time of SAP SE's Annual General Meeting of Shareholders on May 13, 2025, and as at December 31, 2024, the total amount distributed in dividends would be approximately €2.741 billion (2023: €2.565 billion), representing a pay-out ratio of 51.9% (2023: 43.0%). 

SAP believes that its shareholders should benefit appropriately from the profit the Company made in 2024. The Company's dividend policy is to pay a dividend totaling at least 40% of non-IFRS profit after tax from continuing operations.

The following dates are relevant for the dividend payment:

Record date for dividend payment: May 13, 2025
Ex-dividend date: May 14, 2025
Payment date: May 16, 2025

Note to holders of SAP ADRs (American Depositary Receipts):

One SAP ADR represents one SAP SE share. The final dividend amount per ADR is dependent upon the euro/US dollar exchange rate. Since SAP SE pays cash dividends on the ordinary shares in euro, the exchange rate fluctuations will affect the US dollar amounts received by holders of ADRs. The final dividend payment by SAP SE to the depositary bank is scheduled for May 16, 2025. The depositary bank will then convert the dividend payment from euro into US dollars as promptly as practicable.

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About SAP 
As a global leader in enterprise applications and business AI, SAP (NYSE: SAP) stands at the nexus of business and technology. For over 50 years, organizations have trusted SAP to bring out their best by uniting business-critical operations spanning finance, procurement, HR, supply chain, and customer experience. For more information, visit www.sap.com.

This document contains forward-looking statements, which are predictions, projections, or other statements about future events. These statements are based on current expectations, forecasts, and assumptions that are subject to risks and uncertainties that could cause actual results and outcomes to materially differ. Additional information regarding these risks and uncertainties may be found in our filings with the Securities and Exchange Commission, including but not limited to the risk factors section of SAP's 2023 Annual Report on Form 20-F.

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SOURCE SAP SE

FAQ

What is SAP's proposed dividend per share for fiscal year 2024?

SAP has proposed a dividend of €2.35 per share for fiscal year 2024, representing a 6.8% increase from the previous year.

When is SAP's dividend payment date for 2024?

SAP's dividend payment date is scheduled for May 16, 2025.

What is SAP's dividend payout ratio for 2024?

SAP's dividend payout ratio for 2024 is 51.9%, up from 43.0% in 2023.

How much will SAP's total dividend distribution be for 2024?

SAP's total dividend distribution for 2024 will be approximately €2.741 billion, subject to shareholder approval and assuming the same level of treasury shares.

What is SAP's dividend policy?

SAP's dividend policy is to pay a dividend totaling at least 40% of non-IFRS profit after tax from continuing operations.

How does SAP handle dividend payments for ADR holders?

For SAP ADR holders, the final dividend amount is converted from euros to US dollars by the depositary bank after the payment date, with the amount depending on the exchange rate at the time of conversion.