Bundesliga Club Borussia Dortmund Pays Dividends To Its Shareholdes For The First Time
Bundesliga club Borussia Dortmund will "pay its shareholder a dividend for the first time since the club went public in '00," according to REUTERS. The club's board of directors announced that only 11% or €3.7M ($4.8M) of its €34.3M ($44.2M) profit from the '11-12 season will go to shareholders. This means each shareholder will get a dividend payment of €0.06 ($0.07). The rest of the profits will be used to build up reserves. The club's shares are currently valued at €2.56 a piece. The IPO price 12 years ago was €11 a piece (REUTERS, 9/11).