The price hasn’t moved for years and has been around 30 percent down since the beginning of the year.
Dusseldorf On the occasion of the anniversary, SAP wants to spread a festive mood among the shareholders: the software manufacturer pays a special dividend of 50 cents on the occasion of its 50th anniversary. In total, it should be 2.45 euros per share. This increases the payout ratio to a whopping 54 percent – from 41 percent in 2020.
Despite the rain of money, the shareholders do not feel like celebrating. At the annual general meeting on May 18, the board of directors and the supervisory board will have to listen to criticism. “Things are no longer running smoothly at SAP,” says Markus Golinski, fund manager at Union Investment.
It is above all the high costs that annoy the shareholders. The transformation of the software company, which increasingly wants to offer its services via the cloud, is expensive. The demand for storage space, computing power and software from the data cloud is high, but SAP has to invest hundreds of millions in infrastructure to benefit from it. In short: SAP has a cost problem.
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