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Deutsche Pfandbriefbank adopts higher dividend policy through 2019

Deutsche Pfandbriefbank AG said it will adopt a higher dividend policy until 2019, under which its payout ratio of between 40% and 50% of consolidated after-tax profit will be raised to a regular dividend of 50% plus a 25% special dividend, subject to legal and regulatory requirements.

The bank reported preliminary and unaudited full-year 2017 after-tax profit of €182 million. EPS stood at €1.35. Pretax profit of €204 million exceeded the lender's guidance of between €195 million and €200 million.

The lender also proposed a dividend of €1.07 per share, representing a 79% payout ratio. The bank said its 2017 financial year results will be published March 7.