Puma launches 100 million euro share buyback programme
German sports apparel company Puma plans to return up to 50% of its net income to shareholders, it said on Thursday. The company will now return between 25-40% of the Group's net income in dividends, up from 25-35%, the statement said.
By Reuters | Updated:
Reuters
German sports apparel company Puma plans to return up to 50% of its net income to shareholders, it said on Thursday
The company will now return between 25-40% of the Group's net income in dividends, up from 25-35%, the statement said.
The first tranche of a share buyback programme will begin in March 2024 and end on May 6 2025, the statement added, with Puma expecting to buy back and then cancel 100 million euros' ($108.43 million) worth of shares. ($1 = 0.9223 euros)
The company will now return between 25-40% of the Group's net income in dividends, up from 25-35%, the statement said.
The first tranche of a share buyback programme will begin in March 2024 and end on May 6 2025, the statement added, with Puma expecting to buy back and then cancel 100 million euros' ($108.43 million) worth of shares. ($1 = 0.9223 euros)
Too busy to trade in stocks? Invest in Mutual Funds with ET Money!
Bookmark or read stories offline -
Download ET Markets APP
Download ET Markets APP
Related Articles
Puma expects another annual loss; cancels dividend in turnaround driveADVERTISEMENT
