euro adhoc: GESCO AG
Dividend Announcements
GESCO AG: 40 %
increase in dividend (E)
Disclosure announcement transmitted by euro adhoc. The issuer is responsible for the content of this announcement.
Wuppertal, 24 May 2004 - The Supervisory Board and Executive Board of Prime Standard listed holding company, GESCO AG, resolved in their meeting today to propose a dividend of EUR 0.70 per share for financial year 2003/2004 (01.04.2003-31.03.2004) to the Annual General Meeting on 9 September 2004. This represents an increase of 40% on the previous year (EUR 0.50).
On the current share price level, the GESCO share offers a dividend yield of 4,2 %. Although the share price has risen by 84 % in the year under review, GESCO AG thereby continues to offer a high dividend yield. In financial year 2003/2004, the GESCO share has outperformed Benchmark SDAX (+70%).
The annual financial statements for financial year 2003/2004 and planning for financial year 2004/2005 will be presented by the Executive Board at the Annual Accounts Press Conference to be held on 24 June 2004.
end of announcement euro adhoc 24.05.2004
Further inquiry note:
Oliver Vollbrecht
Leiter Investor Relations
T.: +49(0)202 24820 18
info@gesco.de
Branche: Economy, Business & Finance
ISIN: DE0005875900
WKN: 587590
Index: CDAX, Classic All Share, Prime All Share, Prime Standard
Börsen: Börse Düsseldorf / official dealing
Frankfurter Wertpapierbörse / official dealing
Berliner Wertpapierbörse / free trade
Bayerische Börse / free trade
Hamburger Wertpapierbörse / free trade
Baden-Württembergische Wertpapierbörse / free trade
Original content of: GESCO AG, transmitted by news aktuell