HeidelbergCement Increases the Dividend for the tenth year in a Row - News-Credit-Mortgage-Coin

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Thursday, March 19, 2020

HeidelbergCement Increases the Dividend for the tenth year in a Row

The building materials group HeidelbergCement AG (ISIN: DE0006047004) will increase the dividend to EUR 2.20 per share. In the previous year, EUR 2.10 was paid out. This will increase the payout by around 5 percent. Based on the current stock exchange price of EUR 34.40, the current dividend yield is 6.39 percent.



The dividend will thus be raised for the tenth year in a row. Due to the spread of the corona virus, HeidelbergCement will not hold the Annual General Meeting on May 7, 2020 as planned, but will postpone it to a later date in 2020, as reported on Thursday.

The DAX Group increased group sales in 2019 by 4.3 percent to EUR 18.9 billion, as HeidelbergCement also announced on Thursday. On a comparable basis, sales increased by 2.1 percent. Overall, the annual surplus is EUR 1.24 billion (previous year: EUR 1.28 billion).

Against the current background, a serious outlook for the 2020 financial year is not possible at the present time, as HeidelbergCement further explained.

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