Continental AG to pay record dividend

Hanover, Germany--Continental AG plans to pay out a record dividend. The corporation's executive board will propose to the Annual Shareholders' Meeting an outpayment of €0.80 per share, representing an increase of 53.8 percent over last year's dividend of €0.52. The Supervisory Board will take a decision on the dividend proposal when it meets to adopt the annual financial statements on March 30, 2005.

“Investors are to share in Continental AG's business success not only in the form of a much higher stock market value for their company but also in the form of a more than 50 percent increase in the per-share dividend, raising it to the highest level in the history of the company,” said executive eoard chairman Manfred Wennemer

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Press release from Continental