Vonovia SE: 31% of shareholders choose scrip dividend

Bochum, 31 May 2024 – The eighth year in succession shareholders of Vonovia SE (“Vonovia”) had the choice between scrip dividend and cash dividend. Dividends were distributed within the subscription period in the form of new company shares for 30.93% of dividend-bearing shares, thus leaving around €227 million within the company. 8,207,927 new shares will be issued, so that the total number of Vonovia shares is set to increase to 822,852,925.

The AGM approved the distribution of a €0.90 dividend per share for the 2023 financial year (2022: €0.85) with a 97.7% majority. Shareholders thus followed the proposal of the Supervisory Board and the Management Board to continue combining dividend continuity with capital discipline.

The new shares are expected to be credited to the shareholders’ accounts on 7 June 2024, while cash dividends and any fractional amounts are expected to be paid out on 4 June 2024.