Germany’s Siemens Sees Profit up 20 Percent, Raises Dividend

Germany’s Siemens Sees Profit up 20 Percent, Raises Dividend
Roland Busch, President and CEO of Siemens AG talks on stage at the virtual Annual Shareholders' Meeting in Munich, Germany, on Feb. 10, 2022. Sven Hoppe/Pool via AP
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FRANKFURT, Germany—Germany Siemens AG, global maker of big-ticket machines and industrial equipment and software, saw net profit rise 20 percent to 1.8 billion euros in the last three months of 2021 as the rebounding global economy increased orders for its goods, including a 1-billion euro order for high speed trains in Germany.

The company on Thursday confirmed its outlook for increased earnings going forward and proposed an increased dividend of 4 euros per share for its last fiscal year, up from 3.50 euros in fiscal 2020.