SAP's (SAP -2.1%) board recommends a regular dividend of €0.85/share ($1.10/share) for FY12. SAP paid a regular dividend of €0.75/share and a special dividend of €0.35/share for FY11. The proposal translates into a yield of 1% and a payout ratio of 36%. Shares are trading lower today in sympathy with archrival Oracle.