KWS Saat approves higher dividend

Seed manufacturer KWS Saat gives shareholders a boost

Good news for KWS Saat shareholders: A majority of attendees at the Annual Shareholders' Meeting in Einbeck on Wednesday voted for an enhanced dividend. The dividend payout for the 2022/2023 financial year will escalate from 80 to 90 cents per share.

Back in September, KWS Saat had unveiled its financial figures, surpassing expectations thanks to robust business across all sectors. In the fiscal year ending June, the company's revenue swelled by 18% to 1.82 billion euros. EBIT soared by 44%, reaching nearly 223 million euros.

The aforementioned figures trumpeted both KWS Saat's predictions and analysts' estimations. The resulting balance sheet reflected a profit of 127 million euros, with 29.7 million euros earmarked for dividend distribution. The company foresees growing sales by 3-5% in the current financial year based on its strategy.

Further Reading:

• The shareholders in the agrarian town of Einbeck, Lower Saxony, approved a 90 cent per share dividend increase for the 2022/2023 financial year at KWS Saat's Annual General Meeting.
• KWS Saat, headquartered in Northeim, will distribute a higher dividend liberally to its shareholders as a direct result of its robust operational performance in the past financial year.
• Shareholders also endorsed KWS Saat's strategic plans for the upcoming financial year, which involve aiming for sales growth of 3 to 5%, on a comparable basis.
• The company's significant EBIT (123 million euros) and revenue growth (18%) in the recent financial year played a substantial role in enabling KWS Saat to propose an increased dividend to its shareholders at their Annual General Meeting in Einbeck.

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Enrichment data:

KWS Saat's decision to increase dividends was likely influenced by factors such as:

1. Increased profits: A considerable increase in net income or earnings per share.
2. Strong cash flow: Excellent cash flow generation, leading to improved financial health and stability.
3. Manageable debt: Low or decreasing debt levels, reducing financial risk.
4. Favorable market conditions: Positive market conditions and industry trends.
5. Stable/increasing share price: A stable or growing share price, potentially making the dividend yield more appealing to investors.

While the provided sources do not cite the specific reasons behind KWS Saat's dividend increase decision, these factors generally play a significant role in companies' dividend payout policies.