SplitTrader.com Announces Investment Opinion on SAP AG.Business Editors
NOTE TO EDITORS: The following is an investment opinion issued
LITTLETON Littleton, city (1990 pop. 33,685), seat of Arapahoe co., N central Colo.; platted 1812, inc. 1890. It is a suburb south of Denver in an irrigated farm area. , Colo.--(BUSINESS WIRE)--March 10, 2000
SplitTrader.com Announces German Software Developer
Plans a 3-for-1 Stock Split
SplitTrader.com reported that the Board of Directors of SAP AG (company) SAP AG - (Systeme, Anwendungen, Produkte in der Datenverarbeitung - German for "Systems, Applications and Products in Data Processing") A company from Germany that sells the leading suite of client-server business software. The US branch is called SAP America. (NYSE NYSE
See: New York Stock Exchange : SAP) declared that it has approved a stock split of the Company's common shares on a 3:1 basis. Shareholders still need to vote on the action, which also includes necessary votes to transfer about E46.46 million to capital figures from the revenue reserves. An Annual Shareholder's Meeting will be held on May 5, 2000.
Shareholders will also be voting at that time on the Board's declaration to issue dividend payments in the amount of E1.57 per ordinary share and E1.60 per preference share. The pending payout pay·out
1. The act or an instance of paying out.
2. A percentage of corporate earnings that is paid as dividends to shareholders. is about 30% of the Company's 1999 annual net income. In the US, SAP's American Depositary Receipts American Depositary Receipt (ADR)
Certificates issued by a US depository bank, representing foreign shares held by the bank, usually by a branch or correspondent in the country of issue. (ADRs) are worth one-twelfth Noun 1. one-twelfth - one part in twelve equal parts
duodecimal, twelfth part, twelfth
common fraction, simple fraction - the quotient of two integers of a preference share.
SAP Aktiengesellschaft Aktiengesellschaft (IPA: ['aktsiəngəzεlʃaft]; abbreviated AG) is a German term that refers to a corporation that is limited by shares, i.e., owned by shareholders. Systeme, Anwendungen, Produkte in der Datenverarbeitung (SAP AG), is an international provider of integrated business application software. Based in Walldorf Germany, the Company went public in November of 1988. Their last split was a 4:1 in July of 1998.
Currently, there are 734.9 million shares outstanding on an average daily volume of 907,500 (3-month). Share price hit a new 52-week high on March 9th of $84.94. Retracing slightly yesterday, trading closed at $83.50 on light volume of 511,600. SplitTrader.com will continue to monitor this stock in anticipation that we can add it to our Recommended Split List.
For further details on SAP, be sure to check out the Company's complete profile located at http://www.SplitTrader.com. To view a chart on the stock, click on the link provided below.
Chart = http://www.splittrader.com/charts/charts.asp?symbol=SAP
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