29 Dividend per share

For the 2017 financial year, the Board of Management proposes a dividend of EUR 0.65 for each no par value share carrying dividend rights. On the basis of this payout volume, total dividends in the amount of EUR 3,082 million would be appropriated to the no par value shares carrying dividend rights as of February 13, 2018. The final amount of the total dividend payment depends on the number of no par value shares carrying dividend rights as of the date of the resolution on the appropriation of net income as adopted on the day of the shareholders’ meeting.

A dividend of EUR 0.60 for the 2016 financial year for each no par value share carrying dividend rights was paid out in 2017. The shareholders had the choice between payment in cash or, alternatively, the conversion of their dividend entitlement into Deutsche Telekom AG shares (dividend in kind). Dividend entitlements amounting to EUR 1.4 billion for shares from authorized capital were contributed in June 2017 and thus did not have an impact on cash flows (see Note 15 “Shareholders’ equity").