Covestro significantly raises dividend

Materials manufacturer Covestro has significantly raised its dividend for the past fiscal year: shareholders receive EUR 2.20 per share, equivalent to a 63 percent rise over the previous year (EUR 1.35).

CTO Dr. Klaus Schäfer -

CEO Patrick Thomas drew a positive conclusion of the 2017 results at the Annual General Meeting in Bonn: “We have once again achieved record results and demonstrated that our success is sustainable. This has allowed us to be able to again distribute an attractive dividend to our shareholders.” Thomas believes Covestro is optimally positioned to continue this positive trend and take advantage of stable growth in the main customer industries.

Farewell for Patrick Thomas – debut for Dr. Thomas Toepfer

For two Board of Management members, the Annual General Meeting was a special day: CFO Dr. Thomas Toepfer had his first public appearance since he joined Covestro on April 1, whereas Patrick Thomas acted in his capacity as CEO of Covestro at an Annual General Meeting for the last time.
“Since going public in 2015, we have achieved an outstanding performance and created extraordinary value for our shareholders,” emphasized Thomas. He points to Covestro’s recent inclusion in the DAX, Germany’s key leading index, as a further milestone in the company’s history. “I would like to thank all employees who have made this success possible over the last few years.”

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