HeidelbergCement to pay out 1.25 euros per share
HeidelbergCement, the German cement product manufacturer, is to increase its dividend for 2006 from 1.15 euros to 1.25 euros. On average, analysts had expected a dividend of 1.39 euros per share.
The company has already announced a record net profit of around 1bn euros for the year under review, more than double the figure generated in 2005. According to a company source, the sum to be paid out will be increased from 132m euros to 144m euros in a year-on-year comparison. Results are due to be published today. Published under Cement News
