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Austrian firm Lenzing's managing board proposes €4.35 dividend
01 Dec '21
1 min read
Pic: Lenzing
The managing board of Lenzing AG, a leading manufacturer of specialty fibres made from renewable raw material wood, has resolved to propose to the Annual General Meeting a dividend of €4.35 for the 2021 financial year. The total dividend payout to shareholders will amount to about €115,492,500. The proposal reflects suspended dividends from 2019 and 2020.
The payout is subject to the acceptance of the proposal by the supervisory board at its meeting scheduled for March 09, 2022 for the purpose of approving the consolidated financial statements as well as the approval granted by Lenzing AG shareholders at the Annual General Meeting on April 26, 2022, the company said in a media release.
The annual report of Lenzing AG for financial year 2021 will be published on March 10, 2022.
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