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SAP targets €2.919B 2025 dividend; ADR payouts depend on FX
SAP is proposing a dividend of €2.50 per share for fiscal year 2025, a 6.4% increase from 2024. If approved, the total dividends would amount to approximately €2.919 billion, maintaining a payout ratio of 40.7% which aligns with SAP’s policy of distributing 40% or more of Non-IFRS profit after tax. Key dates for the dividend payment are May 5, 2026 (record date), May 6, 2026 (ex-dividend date), and May 8, 2026 (payment date, with ADR payments subject to euro/USD exchange rate fluctuations).