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Leoni May Scrap Dividend Again, Frankfurter Allgemeine Reports

Leoni AG may forgo a dividend payment for a second consecutive year, Frankfurter Allgemeine Sonntagszeitung reported, citing Chief Executive Officer Klaus Probst.

The company is considering not to pay a dividend at all, or make a payout that is “lower than usual,” depending on its earnings, the newspaper cited the executive as saying. The company usually pays out about one-third of net income as dividends, according to the report.

To contact the reporter on this story: Jann Bettinga in Frankfurt at jbettinga@bloomberg.net.

To contact the editor responsible for this story: Frank Connelly at fconnelly@bloomberg.net.

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