Stock exchange announces share buyback for 300 million euros
Deutsche Börse intends to buy back its own shares. Starting in the first quarter of 2024, shares worth up to 300 million euros are to be acquired, the company announced on Monday evening. 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.
The Deutsche Börse operates within various stock exchanges. The planned share buyback is not the only way they plan to distribute surplus funds; an increasing dividend per share is also anticipated.
Source: www.dpa.com
