At the Annual General Meeting on 27 May 2014, the Board of Management and the Supervisory Board proposed a dividend of €0.80 per share for financial year 2013 (previous year: €0.70) to shareholders. The distribution ratio based on the consolidated net profit for the period attributable to Deutsche Post AG shareholders amounts to 46.2 %. The net dividend yield based on the year-end closing price of our shares is 3.0 %. The dividend was distributed on 28 May 2014 and is tax-free for shareholders resident in Germany.
Our dividend policy provides for a payout of between 40% and 60% of annual net profit as dividends to our shareholders, taking into account the cash flow and continuity.