DGAP-News: Ringmetall Aktiengesellschaft
/ Key word(s): Dividend
Ringmetall plans unchanged high dividend due to good business performance
Munich, 28 July 2020 - Ringmetall AG (ISIN: DE0006001902), a leading international specialist supplier in the packaging industry, continues to develop according to plan in the current fiscal year. For this reason, the Management Board of the company will propose to its shareholders at the first virtual Annual General Meeting on 28 August 2020 an unchanged dividend distribution of EUR 0.06 per share. Thus, the current dividend yield of the Ringmetall share based on yesterday's XETRA closing price amounts to 2.6 percent.
"We had postponed this year's Annual General Meeting from mid-June to the end of August in order to be able to better assess to what extent a dividend distribution is justifiable from a liquidity point of view against the background of COVID-19", explains Christoph Petri, spokesperson of the Management Board of Ringmetall AG. "So far, however, we are coming through this general crisis really well, so that we will propose a dividend of 6 cents to the Annual General Meeting as in the previous year. Also for the rest of the year, we are correspondingly confident".
The company plans to publish preliminary figures on the course of business in the first half of 2020 on 6 August. It is already foreseeable that the current development of the company is still within the scope of the full-year outlook published on 5 March.
Further information on the Ringmetall Group and its affiliated subsidiaries can be found at www.ringmetall.de.
About the Ringmetall Group
Ringmetall is an internationally leading specialist supplier in the packaging industry. The Industrial Packaging division offers high-security closure systems and inner liners for industrial drums for the chemical, petrochemical, pharmaceutical and food processing industries. The Industrial Handling division develops application-optimized vehicle attachments for the handling and transport of packaging units. In addition to the corporate headquarters in Munich, Ringmetall is represented by worldwide production and sales branches in Germany, Great Britain, Spain, Italy, Turkey, the Netherlands as well as China and the USA. Worldwide, Ringmetall generates revenues of more than 120 million euros per year.
|Innere Wiener Str. 9|
|Phone:||089 / 45 22 098 - 0|
|Fax:||089 / 45 22 098 - 22|
|Listed:||Regulated Market in Frankfurt (General Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Munich, Stuttgart, Tradegate Exchange|
|EQS News ID:||1102703|
|End of News||DGAP News Service|