Press Archive Detail
MTU Aero Engines AG plans to increase dividend to €1.70
Munich, March 1, 2016 – The Supervisory Board and the Executive Board of MTU Aero Engines AG will propose a dividend payment of €1.70 per share at the Annual General Meeting on April 14, 2016. This is equivalent to an increase of 25 euro cents or 17% compared with the previous year’s dividend.
“Our proposal is based on MTU’s record results in 2015,” said Klaus Eberhardt, Chairman of the Supervisory Board. “The sharp increase in the dividend is also a sign of our faith in the sustainable earnings power of MTU.” CEO Reiner Winkler added: “We are in the fortunate position of being able to give our shareholders an appropriate share in MTU’s profitable growth. By doing so, we are upholding our dividend policy, which is characterized by continuity, while at the same time allowing ourselves sufficient scope for value-enhancing growth projects.”
The dividend will be paid out to shareholders on April 15, 2016, after approval by the Annual General Meeting.
About MTU Aero Engines
MTU Aero Engines AG is Germany’s leading engine manufacturer, with core competencies in low-pressure turbines, high-pressure compressors, turbine center frames, manufacturing processes and repair techniques. MTU plays a key role in the new engine market through its partnership in many international development, manufacturing and sales programs, to which it contributes its high-tech components. One third of the global fleet of passenger airliners relies on components supplied by MTU. MTU is one of the world’s top 5 providers of maintenance services for commercial aircraft engines and industrial gas turbines. These activities are combined under the roof of MTU Maintenance. In the military sector, MTU Aero Engines is the lead industrial partner for almost every type of engine flown by the German armed forces. MTU operates affiliates around the globe; its corporate headquarters are based in Munich, Germany.