Commerzbank: Dividend increase by 75% to EUR 0.35 per share

Commerzbank: Dividend increase by 75% to EUR 0.35 per share

At its general meeting, Commerzbank decided to pay a dividend of EUR 0.35 to shareholders for 2023. This means an increase of 75.00 percent compared to the previous year, which corresponds to a total of EUR 250.00 million. Commerzbank shares closed at EUR 13.96 in XETRA trading on the day of the general meeting. Ex-dividend trading has begun, which could potentially have a negative impact on the share price.

Commerzbank's dividend yield for 2023 is 3.25 percent, which represents an increase of 2.26 percent compared to the previous year. In the last 3 years, Commerzbank's share price has risen by 149.42 percent via XETRA. The real return, which takes into account both the price and the dividend, has improved by 247.86 percent, which represents a better development than the pure share price.

Compared to industry rivals such as Allianz and Deutsche Bank, Commerzbank will perform less successfully in terms of dividend yield and dividend payments in 2023. Allianz, for example, pays a dividend of EUR 13.80 with a dividend yield of 13.80 percent. FactSet analysts forecast an increase in Commerzbank's dividend to EUR 0.55 for 2024, which would lead to a dividend yield of 3.94 percent.

Commerzbank, a DAX 40 company, currently has a market value of EUR 17.314 billion. The price-earnings ratio is 6.60, sales amounted to EUR 22.472 billion in 2023, and EPS amounted to EUR 1.63. Shareholders can therefore look forward to an increased dividend payment, which has increased compared to the previous year.