Dividends are recognized in equity in the reporting period in which they are declared.
The movements in Retained Earnings can be specified as follows:
in thousands of EUR
At 1 January
Result for the year
Acquisition of non-controlling interest
At 31 December
For 2018, it is proposed to the General Meeting to distribute a total dividend of €83,743 or EUR 0.33 per share. If the proposal is approved by the General Meeting, the dividend will be payable as from 6 May 2019.
For 2017, a total dividend of EUR 0.32 per share was paid out in the first half year of 2018 for a total of €81,147. For 2016, a total dividend of EUR 0.31 per share was paid out in the first half year of 2017 for a total of €78,363.
Acquisition of non-controlling interest in 2018 is mainly related to the purchase of the non-controlling shares in the United Kingdom.