Deutsche Bank Plans To Increase Both Share Repurchases And Dividends By At Least 50% YoY In 2024

Author: Benzinga Newsdesk | February 01, 2024 04:12am

Deutsche Bank plans to increase both share repurchases and dividends by at least 50% year on year in 2024. The bank has received supervisory approval for a further share repurchase of € 675 million, which it aims to complete in the first half of 2024, having completed € 450 million in share repurchases in 2023. The bank plans to recommend 2023 dividends of € 900 million, or € 0.45 per share, up from € 0.30 per share for 2022, at its Annual General Meeting in May 2024. Having raised its capital outlook by € 3 billion in October 2023, the bank is well positioned to exceed its capital distribution goal of € 8 billion in respect of the financial years 2021-25, paid in 2022-26. The bank today published updated guidance for a proposed dividend of € 1.00 per share for the financial year 2025, subject to delivery of financial targets and to a 50% payout ratio

Posted In: DB