By Cecilia Butini

Siemens Healthineers AG on Tuesday set a dividend for 2021 and confirmed targets for the years 2023 to 2025, which it had previously set.

The German medical-equipment maker proposed a dividend of 0.85 euros ($0.96) a share for the 2021 fiscal year ended Sept. 30, which represents a distribution of 55% of net income, it said.

The company confirmed it is aiming to achieve a comparable annual growth rate of 6% to 8% in fiscal years 2023 to 2025, and that adjusted basic earnings per share are expected to increase by 12% to 15% a year over the same period.

Siemens Healthineers also said it is going to invest EUR60 million in the coming years to expand its production site in Kemnath, Germany, which will be prepared to manufacture individual components and complete radiotherapy systems for Varian after its acquisition.

Write to Cecilia Butini at cecilia.butini@wsj.com

(END) Dow Jones Newswires

February 15, 2022 04:42 ET (09:42 GMT)

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