Business-Focused Social Network XING Announces Dividend Of ?0.56 Per Share; Total Payout Around ?3 Million

XING, a social network for business professionals, is the latest to hop on the dividend train. The company announced this morning that, following a meeting of the XING AG Executive Board, the company has approved its first-ever payment of a dividend. XING shareholders are now entitled to receive a dividend of??0.56 per share on June 15, 2012, which equates to a total dividend payment of about ?3 million. The proposal was first submitted to the Supervisory Board at a meeting held on February 29th, 2012, which fell under XING's 2011 fiscal year. Today the proposal was approved, allowing the dividend to be paid out to shareholders.

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