Deutsche Post to keep dividend policy with 25-30 pct net distribution ratio
Deutsche Post AG said it will continue its dividend policy of a distribution ratio of 25-30 pct of consolidated net profit for full year 2002.
“With regard to our policy on dividend payments, we will continue to pay an earnings-based dividend to our shareholders. We are planning a distribution ratio of 25-30 pct of consolidated net profit,” it said in its annual report.
Net profit in 2001 was 1.593 bln eur and today, it announced a dividend payment of 0.37 eur/shr or a total of 412 mln eur payment.
In its forecast this year, it said a decisive factor for the Mail division will be the economic situation and the future development of the advertising market.
“The poor state of the economy in 2002 will continue to impact the Logistics” division but it is still expecting further “good development” in this segment while the first-time consolidation of DHL will give a “significant” boost to sales in Express division.
It said it expects the market for courier, express and parcel services will grow 3 pct in Germany and 7 pct throughout Europe.
