Deutsche Börse wants to buy back its own shares.
Starting in the first quarter of 2024, securities for up to 300 million euros will be purchased, the Deutsche Börse Group announced on Monday evening. The news was well received on the stock market. In an initial reaction, the share price rose by a good one percent on the Tradegate trading platform.
In the future, 30-40 percent of the profit for the period attributable to the shareholders will be distributed as dividends, it said. An increasing dividend per share is planned. Excess liquidity is to be skimmed off through share buybacks. For 2023, the stock exchange operator expects a dividend payout ratio of around 40 percent of net profit for the period.
Deutsche Börse shares gained 1.39 percent to 161.05 euros in Tradegate trading.
FRANKFURT (dpa-AFX)
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