on Deutsche EuroShop AG (isin : DE0007480204)
Deutsche EuroShop AG Plans Dividend Increase to EUR 2.60 per Share
On August 8, 2024, Deutsche EuroShop AG announced its intention to propose a dividend increase to EUR 2.60 per share at the upcoming annual general meeting on August 29, 2024. This represents a significant rise from the previously announced EUR 0.80 per share. The Executive Board's decision, supported by the Supervisory Board, aims to distribute a total of EUR 197.6 million from the net retained profits for the 2023 financial year.
The planned increase is attributed to additional free liquidity generated from current operations and new loan agreements by subsidiaries. The exact dividend disbursement may vary due to ongoing share buybacks, but remains scheduled for September 3, 2024, subject to the approval of the annual general meeting.
R. H.
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