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261 Additional information 147 Consolidated Financial Statements

PROPOSED DIVIDEND INCREASE
At the Annual Shareholders’ Meeting, the Managing Board and
the Supervisory Board will propose significantly increasing the
dividend payment by €. to €. per share. After three years
in which our dividend remained stable despite a weak eco-
nomic environment, this proposal, which reflects our improved
earnings situation in fiscal , represents a payout ratio of
% (excluding non-cash items: %) and continues our tradi-
tion of paying attractive dividends to our investors.
SHAREHOLDER STRUCTURE
With some ,shareholders, Siemens AG is one of the
world’s largest publicly owned companies. An analysis of our
shareholder structure conducted in September  showed
that shareholders in Germany hold the largest percentage of
our share capital, about % of all outstanding shares. Share-
holders in the U.S. hold roughly % and shareholders in the
UK around %.
Some % of Siemens’ outstanding shares are held by institu-
tional investors, about % by private shareholders and around
%* by members of the Siemens family.
Dividend
Fiscal year FY  FY  FY  FY  FY 
Dividend per share (in euros) 2.70 1.60 1.60 1.60 1.45
Dividend yield (in %) 3.5 2.4 3.6 1.9 1.8
Ex-dividend date Jan. 26, 2011 Jan. 27, 2010 Jan. 28, 2009 Jan. 25, 2008 Jan. 26, 2007
Net income (in millions of euros) 4,068 2,497 5,886 4,038 3,345
Total dividend payout (in millions of euros) 2,35521,388 1,380 1,462 1,292
Payout ratio (in %) 58 56 23 36 43
1 Dividend payout / Siemens share price on day of Annual Shareholders’ Meeting; for fiscal 2010: dividend payout / Siemens share price at fiscal year-end
2 Based on currently estimated number of shares entitled to dividend payment
3 Excluding non-cash items in 2009 and 2010 (NSN and DX impairment charges), the payout ratio equaled 34% in 2009 and 46% in 2010.
Type of investor
Unidentified
investors: %
Institutional
investors: %
Private
shareholders: %
Others: %
Siemens family
members: % *
Regional structure
Switzerland: %
Germany: %
U.S.: % UK: %
Rest of Europe: %
Rest of world: %
Unidentified: %
France: %
*
This figure includes .% over which the von Siemens-Vermögensverwaltung GmbH has voting control under powers of attorney and a .% shareholding
of which we have been notified by the Werner von Siemens Stiftung in Zug, Switzerland.