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Hugo Boss proposes to lower dividend

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METZINGEN (Dow Jones) – Hugo Boss AG wants its shareholders pay for the previous fiscal year less dividends. The Shareholders’ Meeting to pay a dividend of EUR 0.96 per ordinary share and EUR 0.97 per preferred share are proposed, said the fashion company with headquartered in Metzingen on Monday. In Previous year were EUR 1.37 and EUR 1.38 per share was paid. Now proposed dividend payment secure sufficient equipment with financial resources for future growth, as Hugo Boss.
The company had early February, a decrease of 7% Net sales of around EUR 1.6 billion reported. The net profit was mainly because of special charges also grew 7% to EUR 104 million decreased.

   
Website: www.hugoboss.com

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(END) Dow Jones Newswires

March 29, 2010 09:26 ET (13:26 GMT)

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