Deutsche Börse: Share buyback for 300 million euros
Deutsche Börse intends to buy back its own shares. Starting in the first quarter of 2024, the company announced that it will acquire shares for up to 300 million euros. The news was well received on the stock exchange. In an initial reaction, the share price rose by a good one percent on the Tradegate trading platform.
In future, 30 to 40 percent of the net profit for the year attributable to shareholders is to be distributed as a dividend. An increasing dividend per share is planned. Surplus liquidity is to be invested in share buybacks. For 2023, the stock exchange operator expects a dividend payout ratio of around 40% of profit.
Deutsche Börse's share buyback plan involves acquiring shares worth up to 300 million euros, which is expected to benefit from positive reactions on various stock exchanges, including the Tradegate trading platform. The company's decision to utilize surplus liquidity for share buybacks is part of its strategy to distribute a substantial portion of its net profit to shareholders.
Source: www.dpa.com
