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MTU Aero Engines AG proposes increased dividend of €2.30
Munich, February 27, 2018 – The Supervisory Board of MTU Aero Engines AG today accepted the Executive Board’s proposal to raise the company’s dividend to €2.30 per share. This proposal, which represents an increase of 40 euro cents, or 21%, compared with the previous year’s dividend, will be presented to the voting members of the Annual General Meeting on April 11, 2018.
“The proposed dividend increase takes account of the sustained positive development of business, with MTU once again posting record results for the financial year 2017. This is reflected in the highest dividend proposal since the company’s IPO,” said Supervisory Board chairman Klaus Eberhardt after the meeting to approve the annual financial statements. Reiner Winkler, CEO of MTU Aero Engines AG, added: “The fifth dividend increase in succession is our way of thanking our shareholders for placing their trust in us and at the same time documents the company’s long-term and sustained strength.”
The dividend will be paid out to shareholders on April 16, 2018, 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.