FRANKFURT Nov 27 German real estate group
Deutsche Euroshop proposed to shareholders a 4.2
percent hike in its dividend for 2013 to reward them for a
successful year, it said on Monday.
The cash payout to investors will increase by 0.05 euros to
1.25 euros ($1.70) per share, according to the company, which
invests in shopping centres.
Deutsche Euroshop added that it expected to increase its
dividend by 0.05 euros for each year through 2016, so that its
payout would amount to 1.40 euros for that final year of the
"The aim of this measure is to respond to frequent requests
for a long-term, predictable dividend policy," Chief Executive
Claus-Matthias Boege said in a statement.
($1 = 0.7374 euros)
(Reporting by Christiaan Hetzner)