By Mauro Orru

SAP SE said Wednesday that its supervisory board would propose a dividend of 1.58 euros($1.70) a share at its annual general meeting on May 20.

The German software company said the proposed dividend would mark an increase of EUR0.08 or 5.3% from a dividend of EUR1.50 the previous year.

SAP also said the supervisory board approved the use of EUR1.5 billion capital return in 2020 to buy back shares.

The share buyback will run from Feb. 20 to Dec. 31, SAP added.

Write to Mauro Orru at mauro.orru@wsj.com; @MauroOrru94

(END) Dow Jones Newswires

February 19, 2020 10:50 ET (15:50 GMT)

Copyright (c) 2020 Dow Jones & Company, Inc.
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