Dividends and Share Buybacks

To enable its shareholders to take part in the Company's success, SAP has paid a dividend every year since the stock was floated in 1988. Dividends are remitted without delay after the resolution on the appropriation of retained earnings, usually on the business day after the Annual General Meeting. All shareholders possessing SAP certificates at the time of the resolution on the appropriation of retained earnings are entitled to receive payment of the dividend. Next to paying a regular annual dividend, SAP has employed share repurchases for several years to continuously return excess cash to shareholders. Accordingly, SAP repurchases shares primarily for purposes of redemption and – to a lower extent – meeting its obligations arising from stock-based compensation programs.

Stock Information

Employees having a meeting

Dividend 2013

SAP Shareholders Approve Dividend of €1.00 per Share – Year-Over-Year Increase of 18%.

Employees having a meeting

ADR Program

In the United States, SAP shares are listed on the New York Stock Exchange (NYSE) in the form of American depositary receipts (ADRs).

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Shareholder Structure

The shareholder structure of SAP is characterized by a wide distribution of share ownership. About 75% of all shares outstanding are in free float. The largest proportion of shares in free float are held by institutional investors in the USA and Canada.

Annual General Meeting of Shareholders

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