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SAP Beats Estimates With 25% Dividend Boost Plus Special Payout
SAP AG, the biggest maker of business management applications, proposed a dividend that exceeded analysts' estimates after posting record profit last year that left shares of rival Oracle Corp. trailing.
The executive board recommended a 25 percent increase of its 2011 dividend to 75 cents a share, plus a one-time 35-cent payout for its 40th anniversary, Walldorf, Germany-based SAP said yesterday. Analysts had projected 72 cents, according to estimates compiled by Bloomberg.
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Mentions: Oracle Bill McDermott San Francisco
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