Dividend Policy
United Internet’s dividend policy aims to pay a dividend to shareholders of approx. 20-40% of adjusted consolidated net income after minority interests (adjusted consolidated net income attributable to the “shareholders of United Internet AG” – according to the consolidated statement of comprehensive income), provided that funds are not needed for further Company development.
| DIVIDEND DEVELOPMENT ⁽¹⁾ | 2020 | 2021 | 2022 | 2023 | 2024 ⁽⁴⁾ |
|---|---|---|---|---|---|
| Dividend per share (in €) | 0.50 | 0.50 | 0.50 | 0.50 | 0.40 |
| Dividend payment (in € million) | 93.6 | 93.4 | 86.4 | 86.4 | 69.1 |
| Payout ratio | 32.3% | 22.4% | 23.5% | 37.1% | - |
| Adjusted payout ratio ⁽²⁾ | 26.7% | 23.7% | 23.1% | 35.6% | 39.4% |
| Dividend yield ⁽³⁾ | 1.5% | 1.8% | 2.6% | 2.5% | 1.7% |
- The representation does not claim to be complete.
- Without special items (see publication of the 2024 Annual Report)
- As of: June 30, 2025
- Incl. a one-off catch-up dividend of EUR 1.50
Dividend 2024
At the Annual Shareholders’ Meeting of United Internet AG held on May 15, 2025, the dividend proposal of the Management Board and Supervisory Board was approved with a majority of 99.97% of votes cast. The proposal for the fiscal year 2024 was a regular dividend of € 0.40 per share plus a one-off catch-up dividend of € 1.50 per share as compensation for the reduced dividend payments of the fiscal years 2018 to 2023. On the basis of around 172.8 million shares with dividend entitlement, a total of € 328.4 million was distributed on May 20, 2025.
The regular dividend for the fiscal year 2024 resulted in a dividend payment of € 69.1 million. The dividend payout ratio was therefore 39.4% of adjusted consolidated net income after minority interests for 2024 (€ 175.5 million) and was thus – despite the investments already made and still due to be made in the 1&1 mobile network and in the expansion of the fiber-optic network – at the upper end of the dividend policy. Based on the closing price of the United Internet share on June 30, 2025, the dividend yield from the regular dividend was 1.7%.
