Dividends

Dividend per share

	2003	2004	2005	2006	2007	2008
Net profit (euro)	82.600.000 *	102.100.000	128.000.000	145.400.000	159.500.000	151.100.000
growth %		24%	25%	14%	10%	-5%
number of shares	40.604.982	40.604.982	41.598.982	42.074.982	42.597.232	42.597.232
earnings per share (euro)	2,3	2,51	3,08	3,46	3,74	3,55
growth %		24%	22%	12%	8%	-5%
theoretical dividends, incl. treasury shares (euro)	50.756.228	57.253.025	70.718.269	79.942.466	87.750.298	87.750.298
actual dividends (euro)	48.682.000	53.762.000	68.267.000	77.309.000	86.974.000	87.000.000
dividend per share (euro)	1,25	1,41	1,7	1,9	2,06	2,06
growth %		13%	21%	12%	8%	0%
pay-out	61%	56%	55%	55%	55%	58%

* Real Estate

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