For many years Lufthansa has distributed a sustainable share of the Company’s positive performance directly to its shareholders.
By means of its consistent dividend policy Lufthansa has for many years distributed a sustainable share of the Company’s positive performance directly to its shareholders. In accordance with this, dividend payments are primarily based on the Group’s operating profit, whereby a dividend ratio of 30 to 40 per cent is the target. The condition for a dividend payment being made is that the net profit for the year as reported in the individual financial statements under HGB, from which the dividend is paid, allows the distribution of a corresponding amount, see also the chapter .
This condition has not been met for the financial year 2011, as the annual result was negative – largely due to the negative result and valuation effects in connection with the disposal of bmi. The Executive Board and the Supervisory Board nevertheless decided, as an axception to the dividend policy, to propose the distribution of a dividend of EUR 0,25 per share at the Annual General Meeting on 8 May 2012, in order to let shareholders participate in the successful operating performance in a way that is justifialbe to the financial profile. See for further details.
The dividend payment proposed represents a dividend yield of 2.7 per cent, based on the share’s closing price as of 31 December 2011.