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Siemens Raises Dividend on Growth Outlook

by on Nov.11, 2010, under Towing

Siemens AG (SI) upped its dividend for the first time in four years as it aims for strong growth in emerging markets.

The German engineering company is proposing to pay out 2.7 euros per share, after three years of holding dividends at 1.6 euros per share, Bloomberg News said.

Siemens said Thursday that fiscal fourth-quarter sales gained 7.7% to 21.23 billion euros ($29.27 billion).

“The strong…

Continue reading Siemens Raises Dividend on Growth Outlook

Siemens Raises Dividend on Growth Outlook originally appeared on DailyFinance on Thu, 11 Nov 2010 06:46:00.

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