Dividend calendar 2023

The DAX (abbreviation for Deutscher Aktien Index / Germany stock market index) corporations stay on liquid funds in 2023/2024 at a value of approximately 140 billion Euros. Due to the current interest rates, it is even more difficult for corporations to achieve positive interest yields. Some banks even rise penalty rates on deposits. We show which banks still provide positive interests in our call money comparison. For investors this might be of advantage, as the corporations will most probably decide to authorize dividend distributions as high as 31.7 billion Euros, during the annual stockholder meeting 2023.

Besides direct investments into singular german DAX titles, an investor can also invest into ETFs with the dividend strategy and therefore participate up to three times per year in the dividend distribution. With the stock market calendar you will always have the DAX dividend dates at a glance. Swiss stock can be viewed within the SMI dividend calendar 2023. A glance at the swiss floor is of great value, as for example the food product corporate group Nestlé is part of the most high-flying dividend stocks within Europe. Furthermore, Roche is a well-known dividend share of the Swiss SMI dividend calendar. The performance of the Nestlé stock is in comparison to other shares of the SMI remarkable. In 2015 the FMCG-Corporation increased its dividend for the nineteenth time and kept it equal in 2016.

As of July 20th, 2015 the PayPal Holding Inc. (WKN: A14R7U) was released from the eBay Inc. and quoted on the stock exchange with its distinct value. The PayPal IPO (ISIN: US70450Y1038) was carried out on July 20th, 2015 on Nasdaq in the state of New York.

In Germany every stock corporation consists of three so called organs. That includes the management board, the supervisory board and the annual stockholders meeting. The annual stockholders meeting is a deciding organ and consists of all stockholders of the corresponding stock corporation. Also in different forms of legal organizations, like e.g clubs or associations, an assembly of all members will be called and annual stockholder meeting. Juridical, this isn’t correct though. If one wants to be very precise, one must call an assembly of all club members a general meeting and not an annual stockholder meeting. Within a GmbH (PLC – private limited company) and nonincorporated models, such an assembly is also not called an annual stockholder meeting but shareholders general meeting. Since 1937, the ASM can not give instructions to the managing board, as due to the current law, the ASM can only question the management, if the managing board asks for their involvement. Previous to 1937, the ASM had more legal rights. Today, the ASM still has many right, stated as follows: 

• While the board of directors appoints the management board, the ASM is appointed to recall and order the members of the board of directors
• Decisions concerning changes in the articles of association are made, especially in the area of corporate actions like a authorized capital, capital reduction, diverse capital increases etc.
• Appointment of annual auditors, appointment of auditors for foundation transactions, as well as the management of the board of the directors
• Appointment of special auditors
• The ASM offers relief to board of directors and managing board
• In case the board of directors and the managing board agree on it, the ASM is responsible of the declaration of the annual turnover. Otherwise, the ASM simply accepts the amount of the annual turnover, provided by the board of directors and the managing board
• Decision on application of the accumulated profits
• Transfer of company’s own assets
• Annulment of the entire corporation
• All other arrangements for the managements that affect the amendment of the statues

With the dividend calendar shows the day of the annual stockholder meeting as well as the to be expected dividend and the historical dividends. Investors can also view the current dividend yield.

During the annual general meeting the voting rights will be performed according to the equivalent shareholding and for stocks without par value according to their accurate number. The by-laws of an AG (public limited company) can direct a different rule though. For the vote during the annual general meeting, the simple majority counts, if there are no other predefinitions within the corresponding by-laws. Enactments concerning corporate liquidation or changes within the by-laws have to be voted for by at least three-fourths of stockholder’s equity, which is present during the time of the annual general meeting. The so called blocking minority is enough to prohibit such enactments.

Next to the annual general meeting there is also the so called extraordinary general meeting, which doesn’t take place on an annual basis but due to special occasions. Such occasions can be unexpected events like the acquisition, the dismissal of the board of directors or corporate actions. The management board call for an extraordinary general meeting in case of a blocking minority vote or due to its very own decision. Thereby, several extraordinary general meetings of one general corporation can take place, within just one year.

Stock purchase is mostly challenging for beginners when it comes to the questions of where to buy stock at a low price. Besides the classic chain store for stocks, a trend to by stock online is on the rise, since a couple of years now. The advantages and disadvantages for both are explained with the stock purchase guide. The dividend calendar is suitable for yield oriented investors, to check on the the DAX corporations are planning on distributing dividends and on how high they will be. Besides the dividend yield the date and also the place of the ASM are shown, since stockholders are eligible to participate in the annual stockholder meetings and therefore can plan accordingly.