Fraport Plans Dividend Increase
Frankfurt, Germany (ots) - The Supervisory Board and Executive Board of Fraport AG (FSE: FRA) have agreed to recommend an increase in dividend payments to 44 euro cents per share at the company's annual general meeting (AGM) on June 2 in Frankfurt-Höchst.
At the time of Fraport's initial public offering (IPO) in June 2001, the company had already announced that shareholders would share reasonably in the company's success. Fraport AG's executive board chairman, Dr. Wilhelm Bender, says: "The Fraport share offers substantial value and, along with this, a very interesting dividend yield."
The company's annual results for fiscal year 2003 will be published on March 30.