Nokia's Board Proposes Dividend Authorization Of €0.13 Per Share For FY23 And Initiates Two Year €600M Buyback Program
Portfolio Pulse from Benzinga Newsdesk
Nokia's Board has proposed a dividend of €0.13 per share for FY23 and announced a new share buyback program of €600 million to be executed over the next two years, leveraging the company's excess cash position.
January 25, 2024 | 6:33 am
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POSITIVE IMPACT
Nokia's announcement of a dividend and a share buyback program reflects a strong cash position and a commitment to returning value to shareholders, which could positively influence the stock price in the short term.
Dividend announcements and share buyback programs are typically viewed positively by the market as they often indicate confidence in the company's financial health and a shareholder-friendly capital allocation policy. This can lead to an increase in investor demand for the stock, potentially driving up its price in the short term.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100