Deutsche Bank Plans To Increase Both Share Repurchases And Dividends By At Least 50% YoY In 2024
Portfolio Pulse from Benzinga Newsdesk
Deutsche Bank has announced plans to increase share repurchases and dividends by at least 50% in 2024. It received approval for a €675 million share repurchase to be completed in H1 2024, following a €450 million repurchase in 2023. The bank intends to propose dividends of €900 million, or €0.45 per share for 2023, up from €0.30 for 2022, at its AGM in May 2024. With a raised capital outlook, Deutsche Bank is on track to surpass its €8 billion capital distribution target for 2021-25. It also published guidance for a €1.00 per share dividend for FY 2025, contingent on financial targets and a 50% payout ratio.
February 01, 2024 | 8:12 am
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POSITIVE IMPACT
Deutsche Bank plans to significantly increase its shareholder returns in 2024 with a 50%+ rise in share repurchases and dividends, indicating strong financial health and confidence in future performance.
The announcement of increased share repurchases and dividends is a strong positive signal to investors, often leading to a rise in stock price as it reflects the company's profitability and commitment to returning value to shareholders. The significant increase of at least 50% is likely to be viewed favorably by the market, potentially leading to a short-term increase in Deutsche Bank's stock price.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100