FRANKFURT, March 5 Deutsche Post DHL
shareholders can expect to see their annual dividend payout rise
in the coming years as net profit increases, the company's
finance chief said.
"We would absolutely expect further dividend progression as
we improve our income in line with our medium-term forecast,"
Larry Rosen told analysts during a conference call on Tuesday.
Deutsche Post earlier announced plans to pay an unchanged
dividend of 0.70 euros per share for 2012, equivalent to 53
percent of annual net profit.
Deutsche Post has a general policy of paying out between 40
percent and 60 percent of its annual profit as a dividend,
though its payout was at the upper end of that range in 2010 and
2011, at 59 percent and 58 percent, respectively.
"I think you should see the dividend move today as a step
toward normalisation," Rosen said.
(Reporting by Maria Sheahan; editing by Edward Taylor)