21. Dividend per share
The dividend entitlement for the share classes is based on the portion of distributable profit attributable to the relevant division.
At the Annual General Meeting held on 16 June 2022, shareholders approved the proposal by the Executive Board and Supervisory Board to distribute a dividend of € 0.75 per share to the shareholders of the Port Logistics subgroup and of € 2.10 per share to the shareholders of the Real Estate subgroup. The total dividend of € 60,066 thousand was paid accordingly on 21 June 2022. For further information, please refer to Note 35.
The remaining undistributed profit was carried forward to new account.
For the reporting period, the Executive Board and the Supervisory Board will propose to the Annual General Meeting scheduled for 15 June 2023 the distribution of a cash dividend of € 0.75 per dividend-entitled listed Class A share and a cash dividend of € 2.20 per non-listed Class S share. Based on the number of dividend-entitled shares as of 31 December 2022, this is equivalent to a distribution amount of € 54,386 thousand for the Port Logistics subgroup and of € 5,950 thousand for the Real Estate subgroup.