Deutsche Telekom to Boost Shareholders Returns With Buyback, Dividend Hike
November 02 2023 - 9:00AM
Dow Jones News
By Adria Calatayud
Deutsche Telekom plans to buy back up to 2 billion euros ($2.11
billion) of its own shares next year and to propose a higher
dividend, boosting returns to shareholders on the back of its
performance in 2023.
The German telecommunications group said its management board
will propose a dividend of EUR0.77 a share for 2023 to be paid next
year, up from EUR0.70 for 2022.
The company's supervisory board will decide on the dividend once
the results for this year are available and payment will be subject
to approval by shareholders, it said.
At 1226 GMT, shares in Deutsche Telekom traded 2.7% at EUR21.28
on the news.
Write to Adria Calatayud at adria.calatayud@dowjones.com
(END) Dow Jones Newswires
November 02, 2023 08:45 ET (12:45 GMT)
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