FILE PHOTO: A man walks past a SAP logo during the company's annual general meeting in Mannheim, Germany, May 15, 2019. REUTERS/Ralph Orlowski
SAP, Europe’s most valuable technology firm, said after U.S. market hours that its supervisory board had approved a management proposal for extra payouts either through share repurchases or a special dividend. SAP said, however, that the extra capital return to shareholders - which comes on top of its policy of paying out 40% of after-tax profits in dividends - would be made with the company’s long-term prospects in mind.
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