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The Executive Board and the Supervisory Board of SAP AG recommend that shareholders approve a dividend of €0.50 (unchanged from previous year) per share at the Annual General Meeting of shareholders. If the shareholders approve this recommendation, the total amount distributed in dividends for fiscal year 2009 would be approximately €594 million (based on the outstanding shares as of December 31, 2009), representing a pay-out ratio of 34% (2008: 32%).
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