|Dividend for fiscal year||Dividend per share|
The Supervisory Board and Management Board propose to pay a dividend of EUR 0.22 per qualifying share for the 2016 fiscal year. The total amount proposed to be distributed to the shareholders amounts to approximately EUR 248 million (the exact amount depends on the number of own shares held by the Company – which do not qualify for a dividend – at the time of the Annual General Meeting).
Our dividend policy is aimed firstly at having our shareholders participate appropriately in growing earnings and secondly to at least keep the dividend at a constant level in times of flat or declining earnings and/or negative free cash flows.
Any distribution of dividends jointly proposed by our management and supervisory boards requires the approval of our shareholders in a general meeting. Shareholders participate in profit distributions in proportion to the number of shares they hold.
Under German law, our company may declare and pay dividends only from balance sheet profits as they are shown in our company's unconsolidated annual financial statements prepared in accordance with applicable German law. In determining the distributable balance sheet profits, the management board and the supervisory board may allocate to profit reserves up to one half of the annual surplus remaining after allocations to statutory reserves and losses carried forward.
The shareholders, in determining the distribution of profits, may allocate additional amounts to profit reserves and may carry forward profits in part or in full.
Dividends approved at a shareholders' general meeting are payable on the first stock exchange trading day after that meeting, unless otherwise decided at the shareholders' general meeting. If you hold shares that are entitled to dividends in a clearing system, the dividends will be paid according to that clearing system's rules.
We will publish notice of dividends paid and the paying agent or agents that we have appointed in the German Federal Gazette.
Frequently Asked Questions
No. Your entitlement is independent of your participation or voting in the Annual General Meeting. Please note, however, that a dividend can only be paid if a majority of shareholders participating in the Annual General Meeting supports the boards’ proposals.
The Supervisory Board and Management Board propose to pay a dividend of EUR 0.22 per qualifying share. The total amount proposed to be distributed to the shareholders amounts to approximately EUR 248 million (the exact amount depends on the number of own shares held by the Company – which do not qualify for a dividend – at the time of the Annual General Meeting).
According to the proposal of the Supervisory Board and Management Board the amount remaining after the dividend payment will be transferred to other revenue reserves (andere Gewinnrücklagen).
Due to Infineon’s previous tax balance sheet losses, a dividend payment will be drawn from the contributions account for tax purposes. Hence, Infineon is not required to deduct and remit investment income tax or a solidarity surcharge on dividend payments from the contributions account for tax purposes. A dividend can thus in principle be paid to German shareholders gross with no tax deduction irrespective of whether the shareholder is a natural person or an institutional investor.
For a German investor, the dividend represents a return on capital that is tax-free in principle and merely reduces the original cost of the shares. If the original cost have been reduced to nil by aggregate dividends from the contribution account, any dividend amounts in excess are treated as capital gain. The determination of the respective tax consequences follows the general tax regulations as applicable in respect to the tax status of the shareholder. For shares acquired after 31.12.2008, the domestic depositary bank will deduct the flat rate tax on the amount of the dividend, which is treated as capital gain for tax purposes.
The dividend is also in principle paid gross with no tax deduction to shareholders outside Germany. However, it is not possible to make any generally applicable statement on taxation in specific countries of residence.
Our shareholders are too many and too variable in their circumstances for us to be able to provide any reliable general information on taxation and you are therefore requested to contact your tax advisor for specific details.
This depends on the share price. Relative to an assumed share price of EUR 16.00 and based upon a dividend of EUR 0.22 per share the dividend yield is appr. 1.38%.
All Infineon shares that are in your securities account on the day of the Annual General Meeting that decides upon the proposed dividend qualify for a dividend.
The decisive accounts are those of Infineon Technologies AG, which have been prepared in accordance with the German Commercial Code (HGB). The balance sheet profit (Bilanzgewinn) shown there is subject to the resolution of the Annual General Meeting.
Provided that the Annual General Meeting on February 16, 2017, decides a dividend, the payment will be effected on February 21, 2017. The ex dividend date will be February 17, 2017.
The dividend will be credited to your bank account on the payment date. You do not have to provide for any specific arrangements.
Please contact your personal/custodian bank.
Normally the shareholder’s bank draws up a statement of the dividend paid and informs its customer accordingly. Infineon does not notify the shareholders.
(Status: January 2017)