DaimlerChrysler Shareholders Approve Dividend of Euro 2.35/$2.22 Per Share
21 April 2000
DaimlerChrysler Shareholders Approve Dividend of Euro 2.35/$2.22 Per ShareBERLIN, April 19 Shareholders of DaimlerChrysler AG (stock exchange symbol: DCX) today approved the company's 1999 dividend of Euro 2.35/$ 2.22 per share. All of the items on the company's agenda received the approval of over 95 percent of the shareholders. 12,500 shareholders attended the annual meeting at the International Congress Center in Berlin. The dividend is payable to shareholders of record on April 19, 2000. Payments to shareholders will begin Thursday, April 20, 2000. The total dividend payout of Euro 2.4/$2.3 billion is the highest among companies listed on Germany's DAX index. The shareholders in attendance, along with other shareholders voting on the internet and by proxy (capital present: 39.64 %), approved: -- A resolution on authorizing the company to acquire its own shares. The authorization is limited to the acquisition of about 10 percent of the outstanding capital stock of the company on December 31, 1999. The company shall be authorized to acquire the shares until October 18, 2001. -- A resolution to set up a stock option plan to strengthen the company's ability to attract top management people on a global scale.