Knorr-Bremse Proposes 13% Dividend Increase to €1.64 Per Share

Knorr-Bremse AG, following a remarkable fiscal year, plans to increase its dividend by 13% to €1.64 per share. This decision, awaiting shareholder approval at the upcoming Annual General Meeting on April 30, 2024, comes in the wake of what the company describes as a 'highly challenging and yet extremely successful fiscal year.'

The proposed dividend of €1.64 represents a hike from the previous year and aligns with the company's existing payout strategy. Knorr-Bremse aims to distribute 40% to 50% of its consolidated net income to shareholders, with this proposal equating to approximately 46% of the net income for 2023.

Further details regarding the fiscal performance of 2023 and other shareholder matters, such as modifications to the Executive Board's remuneration system, are set to be discussed during the virtual shareholder meeting. The company has also released its annual report for 2023, providing comprehensive insights into its fiscal activities and accomplishments.