News Headline Summary

Salzgitter (SZG GY) to propose EUR 0.25 dividend vs. Exp. EUR 0.35

Says:
- German steel market environment in 2013 is challenging.
- Sees rising 2014 sales and earnings.

Reaction details:

- SZG GY shares initially fell 0.9% from EUR 33.40 to EUR 33.10 after announcing a lower-than-expected dividend, but gained 2% to EUR 33.79 after stating seeing rising 2014 sales and earnings. SZG GY shares trade EUR 33.80 last.
- In the minutes following the move, SZG GY shares fell to session lows of EUR 32.52 after the initial volatility.

Print 10:03, 22 Mar 2013 - DAX - Source: Newswires