Proposal on Appropriation of Profits
In 2017, Wacker Chemie AG posted a retained profit of €1,502.4 million under German Commercial Code accounting rules. The Executive and Supervisory Boards will propose a dividend of €2.50 per share for 2017 at the Annual Shareholders’ Meeting. In addition, €2.00 per share are to be distributed in connection with the sale of Siltronic shares and the very good trend in net financial debt. Based on the number of shares entitled to dividends as of December 31, 2017, the total cash dividend corresponds to a payout of €223.5 million. Calculated in relation to WACKER’s average share price in 2017, the dividend yield is 4.0 percent. At the Annual Shareholders’ Meeting, the Executive and Supervisory Boards will propose treating the amount remaining after deduction of the dividend as profit carried forward.
WACKER has sufficient lines of credit with banks and does not issue rated financing instruments such as bonds and commercial paper. Consequently, WACKER has not published a credit rating so far.