At the Annual General Meeting on 27 May 2015, the Board of Management and the Supervisory Board will propose a dividend of €0.85 per share for financial year 2014 (previous year: €0.80) to shareholders. The distribution ratio based on the consolidated net profit for the period attributable to Deutsche Post AG shareholders amounts to 49.7 %. The net dividend yield based on the year-end closing price of our shares is 3.1 %. The dividend will be distributed on 28 May 2015 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.