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Dividends

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Shareholders continuously participate in SAP's success

We want our shareholders to share greatly in this success, therefore our dividend policy is to pay a dividend totaling 40% or more of profit after tax.

For the fiscal year 2019 the dividend has been increased by 5% to €1.58 per share (2018: €1.50).

Dividends are remitted without delay after the resolution on the appropriation of retained earnings, usually on the third businessday 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.

Share Buyback

2017

SAP decided on a share buyback of up to €500 million in 2017. The program was completed at the end of the fourth quarter 2017.

2020

On April 8, 2020, we announced the successful completion of the share buyback program in the first quarter of 2020, totalling approximately €1.5 billion. SAP bought back 14,070,538 shares at an average price of approximately €106.04 between February 20 and March 19, 2020. SAP does not plan to conduct further share buybacks in 2020.

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